Regardless of the nuances of the full picture, and as stated by Prashanth in his blog post, this layoff is part of the company's path to profitability--profit has 2 elements--income and cost. Layoffs reduce "cost" (in the form of humans and salary).
Based off LinkedIn, social media, this post, and conversations with friends, with a few notable exceptions, the layoff has affected the lives of many individual contributors from across the company, and only a select few managers.
I would appreciate answers to these three discrete questions, which all get to the main question of "Have senior leadership (VP+) shouldered any of the financial burden currently facing 120-something employees?"
- Will senior leadership forego bonuses and raises this year?
- Has senior leadership taken a reduction in pay so that they can share in the salary cost-cutting?
- Or are individual contributors expected to fully shoulder the direct financial impact of the company's strategy which resulted in the layoffs?
WhatWhy do I care? Why should users care?
Stack Overflow became what it is today because it was able to attract top-tier talent across all areas, both as employees and as volunteer content creators on the site. Top talent is choosy about where they work, and will choose to work where they feel respected and working on things they love. I hope that the company treated all laid off employees with the respect and compassion they deserve, and this is one important measure of that.