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I’m writing immediately to share that I’ve made the very troublesome choice to scale back our workforce by about 10%, or 58 staff.
At first, I wish to acknowledge the impression this choice has on staff who’re instantly affected. That is painful for them, and we’re supporting these staff by this transition with severance packages, extensions of healthcare advantages, and outplacement companies. As CEO I take full possession of this choice and it weighs closely on me. To these of you impacted, I wish to prolong my deepest gratitude on your contributions to the corporate and for your entire onerous work.
Our focus for this fiscal yr is on profitability and that, together with macroeconomic pressures, led to immediately’s modifications. They had been additionally the results of taking a tough take a look at our strategic priorities for this fiscal yr in addition to our organizational construction as we put money into the continued development of Stack Overflow for Groups and pursue agility and adaptability as we launch AI/ML-focused choices within the months forward. Our dedication is to proceed to supply our prospects with the extent of service they count on and to the customers of our public platform—the information they’ve been in search of from Stack Overflow for practically 15 years.
Subsequent week I’ll share one other weblog publish on the enterprise taking a look at fiscal yr This autumn in evaluate and the highway forward. I recognize your endurance and kindness as we navigate by this troublesome time.
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