Stack Overflow lays off 10% staff
Stack Overflow, a question and answer website for programmers, has laid off 10 per cent of its workforce, or 58 employees, amid global macroeconomic pressures and focus on profitability.
image for illustrative purpose
New Delhi: Stack Overflow, a question and answer website for programmers, has laid off 10 per cent of its workforce, or 58 employees, amid global macroeconomic pressures and focus on profitability.
Prashanth Chandrasekar, CEO of Stack Overflow, said that the layoffs were also the result of taking a hard look at "our strategic priorities for this fiscal year as well as our organisational structure" as the company invests in the continued growth of Stack Overflow for Teams "and pursue agility and flexibility as we launch AI/ML-focused offerings in the months ahead".
"I've made the very difficult decision to reduce our workforce by about 10 per cent per cent or 58 employees. This is painful for them, and we are supporting those employees through this transition with severance packages, extensions of healthcare benefits, and outplacement services," the CEO said in a statement.
As the CEO, "I take full ownership of this decision and it weighs heavily on me."
