Stack Overflow, a question and answer site for programmers, laid off 10% of its workforce as it focused on profitability and AI/ML product launches. Chief Executive Prashanth Chandrasekhar said the move needed to be “painful”. The company is popular all over the world, he has 100 million monthly users.
Updated May 16, 2023 | 3:43 PM IST
Stack Overflow is one of the world’s most popular websites
With the global economy slowing, the story of job cuts seems to have no end in sight. In another layoff example, Stack Overflow, his question-and-answer website for programmers, laid off his 10 percent of its employees, or her 58 employees, to focus on profitability. Did.
As CEO I take full responsibility for this decision and it weighs heavily on me. he added.
“I have made the very difficult decision to cut about 10 percent of our workforce, or 58 employees. We are supporting this transition with “services,” the CEO said in a statement.
Stack Overflow is one of the world’s most popular websites, serving 100 million people each month.
The platform offers products such as Stack Overflow for Teams, Stack Overflow Advertising, Collectives on Stack Overflow, and Stack Overflow Talent.
In another example of layoffs, telecoms giant Vodafone has decided to cut 11,000 jobs over the next three years, embarking on the industry’s largest layoffs.
The company’s new CEO, Margherita della Valle, said the company is not doing well enough and expects little to no profit growth in the new fiscal year.
Vodafone has recently cut jobs in some of its key markets, with media reports saying it cut 1,000 jobs in Italy earlier this year and is considering cutting about 1,300 jobs in Germany.
