Stack Overflow lays off 28% of workforce

Stack Overflow has announced that it is laying off 28 per cent of its workforce. In a statement by the company’s chief executive officer (CEO), Prashanth Chandrasekar, the layoffs come from a need to “cut costs” and maintain a “path to profitability.”

The layoffs come at a time when Stack Overflow is facing increasing competition from generative AI chatbots like ChatGPT. ChatGPT is able to provide programmers with instant corrections to their code, optimization suggestions, and explanations of what each line of code is doing. This is something that traditional forum posts on Stack Overflow can often struggle to do.

Chandrasekar argued that sites like Stack Overflow are still essential for chatbots, as they need to be trained on “something that’s progressing knowledge forward.” However, it is clear that the rise of generative AI is posing a significant challenge to Stack Overflow’s business model.

In a blog post, Chandrasekar said that Stack Overflow is working on a direct answer to ChatGPT in the form of “Overflow AI.” The company also hopes to get AI firms to pay to scrape the site’s data. However, it is unclear if these efforts will be successful.

The sources for this piece include an article in ArsTechnica.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Best of The Web