Stack Overflow, a developer and programmer platform, is cutting its workforce by around 28% due to macroeconomic pressures impacting the tech industry and the rise of AI chatbots. The layoffs account for approximately 150 employees out of a total headcount of 540.

Stack Overflow noted a small decline in web traffic compared to 2022, which it attributed to the popularity of GPT-4, and expects generative AI to cause "some rises and falls in traditional traffic and engagement over the coming months." The company is working on its own AI chatbot, Overflow AI, to provide personalized solutions for developers.