Stack Overflow Layoffs
May 2020
Stack Overflow announced a layoff affecting 40 employees (15% of its workforce) in May 2020. The company operates in the Recruiting sector.
40
15%
May 5, 2020
About
Stack Overflow, the widely-used developer Q&A platform, has reduced its workforce by 15%, affecting 40 employees, as announced in early May 2020. This decision was driven by the economic impact of the coronavirus pandemic, which particularly affected its Talent business—a service for recruiting developers—as hiring slowed across the tech industry. Most of the impacted staff were furloughed, retaining benefits, while some were laid off. The company, which reported around 50 million monthly unique visitors and an annualized revenue run rate of $80 million, stated the cuts were necessary to ensure long-term sustainability, with a focus on growing its paid products and advertising to eventually reinstate furloughed employees.
More Recruiting Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl