Coding help forum Stack Overflow is laying off 28 percent of its staff as it struggles toward profitability. From a report: 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. After the team doubled its employee base last year, Chandrasekar told The Verge’s Nilay Patel 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.” Prosus acquired Stack Overflow in a $1.8 billion deal in mid-2021.
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