If the information in https://newsletter.pragmaticengineer.com/p/the-scoop-48 is correct, it wasn't an across the board layoff.
> About 30% of product development was let go and these techies were the largest affected group. Of the 58 people, about 40-50 of those let go were in the formerly 150-strong product development organization, I have confirmed with current software engineers at Stack Overflow... I have to wonder if StackOverflow has given up on innovation, and is looking to maximize profits while it still can.