this post was submitted on 17 Oct 2023
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After ChatGPT disruption, Stack Overflow lays off 28 percent of staff (arstechnica.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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After ChatGPT disruption, Stack Overflow lays off 28 percent of staff::The popular developer forum is still hunting for a "path to profitability."

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[โ€“] somethingsnappy@lemmy.world 15 points 1 year ago (1 children)

The rich have way too much cash and desperately want another recession so they can buy cheap assets. Consumers, the overall job market etc. Are trending the other way and messing up the cycle of boom/bust. In this particular instance, I am fine with the layoffs... as long as they keep paying the people they laid off. Paying people whose jobs are automated should have started at least as early as the industrial revolution.

[โ€“] Cryophilia@lemmy.world 9 points 1 year ago

The rich have way too much cash and desperately want another recession

Exactly. We've been hearing "there's a recession coming, any minute now!" for YEARS, and yet every jobs report shows the economy is doing gangbusters.