Layoffs Suck
Layoffs Suck but stripe handled the communication well by including immigration, career, and healthcare support. https://stripe.com/en-gb-nl/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees
stripe.com
Airbnb was the best actually
Can you explain?
Can you google?
What immigration support they will give to H1b? Curious that how they retain their status here.
Probably help them transition to B visas, which will give them more time to find a new job
No! They are not giving regular paychecks so no extended h1b. There is no immigration support. Moving to B2 visas is not practical and hence a joke. Plus anyone who wants to do that doesn’t need stripe support to do it. Any immigration lawyer can file that for you in less than $1000. What Stripe should have done is give people extended payroll instead of severance, which they didn’t. They probably wanted to reduce their recurring expenses in time for earnings, so their stock price can rise and they don’t have to pay a lot of RSUs to remaining employees. Stripe layoff is one of the worst and all this HR publicity doesn’t change that.
“Immigration, career, and healthcare support” aka an email from HR about each of the 3 topics.
Isn’t that his job ?
Can someone explain in English what stock vesting thing is mentioned?
Wow! That's a greatly executed lay offs message. Sitripe has very good leaders.
Who’s the ghost writer 🤔
Literally nothing concrete about visa support 🤷🏻♂️
"We have extensive dedicated support lined up for those of you here on visas (you’ll receive an email setting up a consultation within a few hours), and we’ll be supporting transitions to non-employment visas wherever we can." If the company can fast track your O-1 application or at least get you a B-2, that's still better than nothing. I agree with OP that Stripe handled this well assuming everything written in the letter is actually done and not just empty promises.
Very suspecious. Why would a company file O-1 where there is no intent to hire? That’s scam with USCIS. Moreover, O-1 requirements are not easy for everybody. B-2 is not a good visa to search work.
Thank you lord master for graciously kicking me to the curb and offering resources to sign up for food stamps. How about this: Fuck every company who’s doing layoffs? Poor planning and foresight shouldn’t be glorified because they tossed you some crumbs on the way out
This guy fucks
How does a company even overhire? It’s incredibly clear that they have far more people than they should. Even months ago I saw they had over 6000 employees and I’m like wtf? No way they need more than 3000 to run Stripe.
So did every other company that laid off lmao