- Stack Overflow is cutting up to 28% of its workforce in its second round of layoffs this year.
- This year, layoffs have expanded beyond tech, media, and finance with Gap and Whole Foods also announcing cuts.
- See the full list of layoffs so far in 2023.
Layoffs have remained an unfortunate reality of 2023, continuing pace with the cuts made at dozens of companies toward the end of last year.
Coding community Stack Overflow announced its plan to cut about 28% of its workforce on Monday. It’s the second round of layoffs this year for the company after CEO Prashanth Chandrasekar said it’d let go of 58 employees in May.
Stack Overflow’s cuts come amid an industry-wide shift toward artificial intelligence and an earlier decrease in online traffic, Insider previously reported. Prior to the layoffs, the company reportedly doubled its headcount in 2022.
Dozens of companies that have made significant reductions to staff this year: Tech companies, including Meta and Google, and finance behemoths, like Goldman Sachs, announced massive layoffs in the first weeks of 2023 amid a continued economic downturn and stagnating sales.
The downsizing followed significant reductions that companies, including Meta and Twitter, made toward the end of last year.
According to data from Layoffs.fyi, a site tracking layoffs since the start of the pandemic, tech companies slashed more than 244,000 jobs in 2023 alone — compared to during the pandemic, when they cut 80,000 in March to December 2020 and 15,000 in 2021.
Here are notable job cuts so far in 2023:
- Stack Overflow is cutting up to 28% of its workforce in its second round of layoffs this year.
- This year, layoffs have expanded beyond tech, media, and finance with Gap and Whole Foods also announcing cuts.
- See the full list of layoffs so far in 2023.
Layoffs have remained an unfortunate reality of 2023, continuing pace with the cuts made at dozens of companies toward the end of last year.
Coding community Stack Overflow announced its plan to cut about 28% of its workforce on Monday. It’s the second round of layoffs this year for the company after CEO Prashanth Chandrasekar said it’d let go of 58 employees in May.
Stack Overflow’s cuts come amid an industry-wide shift toward artificial intelligence and an earlier decrease in online traffic, Insider previously reported. Prior to the layoffs, the company reportedly doubled its headcount in 2022.
Dozens of companies that have made significant reductions to staff this year: Tech companies, including Meta and Google, and finance behemoths, like Goldman Sachs, announced massive layoffs in the first weeks of 2023 amid a continued economic downturn and stagnating sales.
The downsizing followed significant reductions that companies, including Meta and Twitter, made toward the end of last year.
According to data from Layoffs.fyi, a site tracking layoffs since the start of the pandemic, tech companies slashed more than 244,000 jobs in 2023 alone — compared to during the pandemic, when they cut 80,000 in March to December 2020 and 15,000 in 2021.
Here are notable job cuts so far in 2023:
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