I keep on reading on Blind that Stripe is having a hiring freeze right now. How's business? In a couple of weeks do you think I should apply? Or are you all struggling like the rest of us?
Mass layoffs coming across the board
I agree with Bobaboi, you are a long way from having to worried about that
I heard it’s stabilized recently. Could be a lie tho
What happened exactly? I understand the Coronavirus hurt them but how did they stabilize so quickly?
Not sure. An acquaintance said they’ve finished doing p0 covid-related tasks and are going back to their normal cadence of doing stuff. This is an eng perspective tho, and one that may be blissfully ignorant of financials or looming layoffs.
Online payments are way up. They’re doing just fine and hiring folks. Might just be a quick pause to confirm any headcount changes.
That’s Just a perception, I did not spend anything additional online . Infact I am thinking twice unlike before .
They run payments for DoorDash, Instacart, and Postmates which are all killing it right now.
Would a recruiter let you know if there was a hiring freeze?
I’m a recruiter. I would say depends on the recruiter. I would let candidates know if there’s something holding up the process, but I take pride in making sure people have great interview experiences and see the greater value in that long term relationship more than misleading someone.
So some of our recruiters are not telling candidates we’re on a freeze? Big if true
Nope. They are actively conducting interviews.
With SMBs facing trouble, Stripe cannot show same growth rate as earlier. This implies their EV/Sales multiple will take a hit. To continue the current burn-rate they'd have to raise next round, which may very well be a down round. So, they'd be forced to 'right size' the staff.
Thanks! Looks like you have access to Stripe's accounting books - can you also share when they will be raising new capital?
Lol AIG dude analyzing another company’s unseen books is what makes Blind the place to be. Only if you had analyzed AIGs books in 2008
We are fine! Thanks for asking 💚
How long is this hiring freeze projected to be if there is one, and what will happen to people who are in the middle of the interview process? Is this freeze on all positions?
+1 to ^ do you know how long the freeze is out? Is it across all eng roles?
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I’d honestly wait until I get an offer before start worrying about that
🤣
Let this person do a full cost benefit analysis before applying to stripe to only end up being ghosted lmao