Image: AOL
Stripe revealed layoffs through an internal memo by Chief People Officer Rob McIntosh, affecting several hundred employees.
Image: Yahoo Finance
Despite layoffs, Stripe aims to expand its workforce by 17%, reaching 10,000 employees by year-end.
Image: Linkedln
The job cuts primarily affect product, engineering, and operations teams to align with company goals.
Image: Silicon Valley Journals
Leadership decided to consolidate layoffs into one round instead of spreading them throughout the year.
Image: The Economic Times
Stripe’s valuation rebounded to $70 billion in 2023 after a dip caused by earlier layoffs and economic concerns.
Image: Stripe
Stripe has dual headquarters in South San Francisco and Ireland, with offices in major cities worldwide.
Image: Financial Times
The company moved its headquarters south in 2021 after opposing a tax proposition in San Francisco.
Image: Silicon Republic
As of Tuesday, California’s Employment Development Department hadn’t received a WARN notice from Stripe.
Image: Business Roundtable
CEO Patrick Collison previously attributed workforce reductions to economic challenges and recession fears.