{"id":40815,"date":"2023-10-17T11:06:06","date_gmt":"2023-10-17T15:06:06","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=40815"},"modified":"2024-03-01T09:25:40","modified_gmt":"2024-03-01T14:25:40","slug":"more-stack-overflow-layoffs","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2023\/10\/17\/more-stack-overflow-layoffs\/","title":{"rendered":"More Stack Overflow Layoffs"},"content":{"rendered":"

Prashanth Chandrasekar<\/a> (Hacker News<\/a>):<\/p>\n

This is why we have been so focused on our path to profitability, even as we commit to the continued product innovation of Stack Overflow for Teams and the health of the public platform by building out our AI\/ML capabilities. This year we took many steps to spend less. Changes have been pursued through the lens of minimizing impact to the lives of Stackers. Unfortunately, those changes were not enough and we have made the extremely difficult decision to reduce the company’s headcount by approximately 28%.<\/p>

As we finish this fiscal year and move into the next, we are focused on investing in our product. As such, we are significantly reducing the size of our go-to-market organization while we do so. Supporting teams and other teams across the organization are impacted as well. As I mentioned, our focus for this fiscal year and into the next is profitability and that, along with macroeconomic pressures led to today’s changes.<\/p><\/blockquote>\n\n

Wes Davis<\/a> (Hacker News<\/a>):<\/p>\n

\n

After the team doubled its employee base last year, Chandrasekar told The Verge<\/em>’s Nilay Patel<\/a> in an interview that about 45 percent of those hires were for its go-to-market sales team, which he said was “obviously the largest team.”<\/p>\n<\/blockquote>\n\n

James Rogers<\/a> (Hacker News<\/a>):<\/p>\n

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The data show that 1,059 tech companies have laid off 240,193 employees thus far in 2023. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi<\/a>.<\/p>\n<\/blockquote>\n\n

Previously:<\/p>\n