[VERGE] Stack Overflow lays off over 100 people as the AI coding boom continues

"AI won't replace people" my ass.

I've heard all about how AI would be great for the working class, and I called bullshit and this is vindication.

Automation always displaces the working class and makes them less valuable. The only way The working class can compete is to under-value our labor.

This is the best summary I could come up with:

Coding help forum Stack Overflow is laying off 28 percent of its staff as it struggles toward profitability.

CEO Prashanth Chandrasekar announced today that the company is “significantly reducing the size of our go-to-market organization,” as well as “supporting teams” and other groups.

Word of the layoffs comes over a year after the company made a big hiring push, doubling its size to over 500 people.

Stack Overflow did not elaborate on the reasons for the layoff, but its hiring push began near the start of a generative AI boom that has stuffed chatbots into every corner of the tech industry, including coding.

The company issued a temporary ban on users generating answers with the help of an AI chatbot in December last year, but its alleged under-enforcement led to a months-long strike among moderators that was resolved in August; the ban is still in place today.

Stack Overflow also announced it would start charging AI companies to train on its site.

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