Stack Overflow, a question-and-answer portal for designers, will lay off 10% of its workforce, the company revealed on Thursday.The task cuts, which
will impact at least 58 workers, are a result of the business’s restored focus on success due to macroeconomic concerns, CEO Prashanth Chandrasekar said in a blog post.”Our focus for this fiscal year is on profitability which, along with macroeconomic pressures, caused today’s changes. They were likewise the outcome of taking a tough look at our strategic priorities for this along with our organizational structure as we invest in the continued development of Stack Overflow for Teams and pursue agility and flexibility,” Chandrasekar said.The employees affected by the layoffs, who are being provided with severance bundles and extended health advantages, include UX designers, human resource professionals, item designers, and senior software application designers, LinkedIn posts from the impacted workers showed.Layoffs at numerous technology business, consisting of the similarity Amazon, Meta, Google, and Microsoft, have seen specialists in similar roles lose jobs given that the middle of last year. According to information assembled by Layoffs.fyi, the online tracker keeping tabs on task losses in the innovation sector, 665 tech business have actually laid off about 192,722 staff up until now this year, compared to 164,591 layoffs last year. In order to concentrate on success, Stack Overflow will quickly release AI and artificial intelligence offerings in the coming months, the CEO said.The decision to introduce AI and artificial intelligence offerings could be credited to the launch ofa number of brand-new product offerings from suppliers such as AWS, IBM, and Google, driven by demand from enterprises to embrace generative AI and natural language processing abilities. Copyright © 2023 IDG Communications, Inc. Source
