Stack Overflow is laying off 28 percent of its workforce

Stack Overflow is laying off about 28 percent of its workforce. The company is currently unprofitable and has therefore already taken steps to spend less. The dismissal probably affects more than a hundred employees.

Stack Overflow CEO Prashanth Chandrasekar announced the layoffs in a blog post. According to the CEO, the company is ‘on the path to profitability’. It says it has taken “many steps” to spend less this year and that it has taken those previous steps with “the least possible impact” on employees.

“Unfortunately, these changes were not enough and we have made the extremely difficult decision to reduce the company’s workforce by approximately 28 percent,” Chandrasekar wrote. The company will “significantly reduce” its go-to-market organization, alongside “support teams” and other groups.

Stack Overflow doubled its workforce last year to more than five hundred employees, also writes The Verge. This would certainly mean that more than a hundred employees would now be dismissed. Stack Overflow hired a lot of people last year during the rise of AI assistants and chatbots. Earlier this year, the platform itself introduced a search function based on artificial intelligence, called OverflowAI.