Stack Overflow is laying off another 28%
Stack Overflow is laying off another 28%
Stack Overflow just doubled its staff last year.
There is a discussion on Hacker News, but feel free to comment here as well.
It is a forum, how would they ever make money? A few adds placed here and there? How many employees do they even have?
I think there business model was to make money by running a recruiting service. In theory, prospective employers could see how well you really know a topic based on your answers.
You can not even answer until you have such and such many imaginary points? I wanted to answer someones question and was unable to spread the knowledge because of their bullshit system.
This is the best summary I could come up with:
Coding help forum Stack Overflow is laying off 28 percent of its staff as it struggles toward profitability.
CEO Prashanth Chandrasekar announced today that the company is “significantly reducing the size of our go-to-market organization,” as well as “supporting teams” and other groups.
Word of the layoffs comes over a year after the company made a big hiring push, doubling its size to over 500 people.
Stack Overflow did not elaborate on the reasons for the layoff, but its hiring push began near the start of a generative AI boom that has stuffed chatbots into every corner of the tech industry, including coding.
The company issued a temporary ban on users generating answers with the help of an AI chatbot in December last year, but its alleged under-enforcement led to a months-long strike among moderators that was resolved in August; the ban is still in place today.
Stack Overflow also announced it would start charging AI companies to train on its site.
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