Stack Overflow, a question-and-answer portal for developers, would lay off 10% of its workforce, the company announced on Thursday.
The job cuts, which will affect at least 58 employees, are a result of the company’s renewed focus on profitability due to macroeconomic concerns, CEO Prashanth Chandrasekar said in a blog post.
“Our focus for this fiscal year is on profitability and that, along with macroeconomic pressures, led to today’s changes. They were also the result of taking a hard look at our strategic priorities for this fiscal year as well as our organizational structure as we invest in the continued growth of Stack Overflow for Teams and pursue agility and flexibility,” Chandrasekar said.
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InfoWorld