Heard there is stripe layoffs in Aug/Sept as they over hired last year. Fintech isn’t doing great as well so layoff is expected. I think hiring was paused so any new joiners please be careful.
What?
OP gets off on spreading FUD
No It is true. Let’s wait and watch and truth will unfold if you have any doubts. If you are planning to join stripe do it on your risk.
Who told you this? If it doesn’t come true, I will make sure your account is reported to Microsoft HR and you will face serious consequences up to and including termination. So you better hope you’re not lying.
OP’s source: trust me bro
Blind
Stripe did really well during covid. Didn’t it? Why would it lay-off during covid? Layoffs are never only performance based. Teams have to meet fixed % for layoffs and so someone needs to be pushed out to meet %
And so stripe buzbunn confirms there is layoff coming. So, OP is correct ?!
That’s not true. The layoff posts have started recently and they all talk about Q3. No smoke without fire?
I think it’s just people looking at other fintech layoffs and creating posts.Some people get off by fear mongering. If Stripe does layoffs - it is just using the opportunity of a potential recession to manage out people (like Tesla?).There is no real need of layoffs looking at our financials. I wouldn’t mind a small and targeted managing out of low performers though.I know people who got consecutive pip still surviving.Stripe has gone soft with perf mgmt once Covid started.
It's more likely the other way around, using pip as an opportunity to lay off, for the shady brothers
Please read the comments above. Your denial doesn’t change the fact.
If they need 20% workforce reduction, no layoffs is needed, they can just stop hiring, peer pressure will push out 20% people in 3~6 months.
This is accurate. They tried to force leaders, especially GTM, to manage out at least 15%, but they came up well short. If they can’t hit 15%-20% manage out this cycle they will do layoffs.
source?
What do you mean source? I’m a manager at stripe
OP. Yawwwnnnnnn
I guess you are one of the toxic managers at stripe we keep hearing about 🤣🤣
No i clean bathrooms. Whats the difference? You’re at microsoft and im at stripe. Nuff said
I’m not sure being at Stripe is the badge of honor you think it is…maybe 4-5 year ago but definitely not anymore
That Blind score of 3.8 lmao. It was 4.3 not that long ago. It was 4.1 when I got my offer.
Ahh 4-5 yrs ago when stock grant was like 5000- 6000 shares per year.
Watch