If you are interviewing at Stripe - stop the process. If you have an offer from Stripe, leverage it to other offers, but do not accept. You have been warned:
- forced 15% Partially Meets Expectations quota (Needs Improvement equivalent) - PiP Fodder
- New joiners 2-3 months in are getting PME’d and fired
- Csuite hiring challenges
- if your manager/team aren’t scoped for ‘high visibility projects’, you’ll be PME’d for low impact
- On call and KTLO type work are not considered ‘impactful’ and will therefore be PME’d
- Consistent turnover in Eng and non-Eng
What do you get for rolling the dice and accepting Stripe?
- Inconsistent Bonus payouts and policies. (Sales org being excluded from company wide bonus perks, for example)
- 🥜 equity refresh - hope you like a static yearly grant with only upside limited potential! All the risk, none of the reward!
- Double trigger RSUs that you don’t actually own until Stripe IPO’s. They also expire every 7 years. I’m personally convinced the new Stripe would let these expire.
If you’re interested, DM me to learn my personal take. But I’m warning anyone who will listen - DO. NOT. JOIN. STRIPE.
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comments
As always this is team dependent. My time at Stripe has been great. So are a majority of other Stripes. Blind is full of negativity (why else would you be here?)