STRIPE CUTTING STAFF BY 14% AS IT READIES FOR ‘LEANER TIMES'
https://stripe.com/en-in/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees Divisions impacted: Eng, Product, Marketing and Sales, HR My opinion: Heard anyway the company culture and wlb was a sh**show. I am sorry to hear about the layoffs just before the holidays specially for folks on the Visa and who might be expecting a baby. Really awful. Not sure why loss making companies are valued as if all those will become Amazon, not sure if Stripe is profitable. These loss making companies should have never been funded, but thanks to governments and which encouraged misallocation of capital and now its been corrected a bit. Source: Company email shared by an employee
stripe.com
Accurate
Damn, now where will I go
What divisions are getting cuts? Engineering or marketing or maybe something else?
Eng is affected
If Blind is to be believed I've seen comments from ENG and PM so far
I saw a commercial for stripe on network tv. Doesn’t seem like a good idea given this news. Are many developers watching Friends on Nick at Night? 😂
In general, recruiting, sales, marketing, HR are among the first wave to cut.
So sorry to those who will be affected. Please dm for amazon referrals
Geuing question, how will they dm for Amazon. Amazon folks are posting the letter from corporate about no incremental hiring company-wide, no internal moves, close your open recs, etc. Till 2023.
Yes if you read the note, some backfills can still happen.
Is John right about he mentioned about business growth ?
What was the criteria for cutting
It will probably be somewhat random, if there is any specific criteria it might violate some labor laws and will be ripe for a lawsuit.
Source?
They said it in all caps, I doubt it’s fake.
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