Developer village Stack Overflow reportedly lays off 20% as it refocusses business

Some changes are underway during Stack Overflow, a online village where some 50 million developers and others intersect to speak programming and many other things. TechCrunch has schooled and reliable that a startup has conducted a estimable series of layoffs opposite a association as it looks to drive a business some-more towards a core QA products and divided from areas that were saying rebate demand. As partial of this, a association is also shutting a offices in Denver.

“Stack Overflow made a preference to enhance product expansion in a core QA product offerings, including Stack Overflow Enterprise and Channels for business developer partnership and a good famous core height for developer believe sharing,” pronounced a matter from a company. “These are in-demand solutions with clever pipelines and patron interest. As a outcome we are unfortunately restructuring some of a sales and selling efforts including a shutting of a Denver trickery and a rebate of some of a staff. Stack Overflow customers and constant users will see no stop in service. Business is flourishing opposite all products and this pierce will even speed some-more facilities and offerings to marketplace over a entrance months.”

The association is not naming accurately how many people are being impacted by a restructuring. A source that contacted TechCrunch claimed that a series of people influenced worked out to about 20 percent of Stack Overflow’s 300 employees, or 60 people. That’s a series also being settled by during slightest one of a people influenced today.

There is also some inequality about what jobs are being affected. As we can see in a statement, Stack Overflow mentions sales and selling efforts, though a source, and a route of tweets on Twitter, indicate to people influenced in sales, data, engineering, and product.

As some of a jobs influenced forked to staff in a company’s recruitment business Careers, a source pronounced that a association was “looking to focus away” from this business, though Stack Overflow has reliable this is not a box in a second matter it released after a initial one. Developer Jobs will continue to exist.

“The association is not pivoting from Talent (Careers). The employing landscape is some-more rival than ever and Stack Overflow’s ability to assistance businesses find technical talent is massive,” pronounced a spokesperson. “The association is reallocating resources to deposit in new areas of growth, though a existent business around Talent stays strong. Although StackOverflow shut down a Denver bureau to boost operational potency in a United States, a association is experiencing fast expansion in Europe. Last month operations were stretched with a opening of a Munich office.”

When Stack Overflow raised $40 million in 2015, a association privately pronounced a investment would be used to build out a recruitment partial of a business, that during a time accounted for two-thirds of a company’s revenues and was flourishing on a behind of a repute and trade of Stack Overflow’s QA niche. (Advertising done adult a remaining third.)

“I don’t see HackerNews or GitHub as competing opposite us directly for a same dollars or even a same attention,” CEO and co-founder Joel Spolsky pronounced during a time. “Programmers use us for opposite things and they don’t unequivocally overlap. They are all in a developer courtesy space though so are a lot of other things like World of Warcraft. We’ve come to browbeat removing answers just like GitHub is winning amicable coding and chronicle control.”

It’s not transparent currently what Stack Overflow’s categorical income generator is, or how a recruitment play has grown, though a association now appears to be putting a brazen bets into paid craving services.

Channels, a new product that is still in beta, is a private chronicle of Stack Overflow that companies can run only for their teams. It’s an engaging turn on a company’s buttress of open-ended QA, though it also potentially leads it into an already rival space, with a likes of Slack, Atlassian’s Hipchat, Microsoft and many some-more opposed to be a height for teams to sell ideas with any other.

To date, Stack Overflow has lifted around $68 million from investors that embody Andreessen Horowitz, Union Square Ventures, Spark Capital, Index Ventures, Bezos Expeditions, Founder Collective and a series of particular investors.

Updated with a second matter about Stack Overflow’s recruitment business.

Featured Image: gilaxia/Getty Images

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Posted by on Nov 3 2017. Filed under Enterprise. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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