Stripe cut around 14 percent of its workforce on Nov. 3, 2022, a reduction TechCrunch put at roughly 1,120 of the company's 8,000 employees. CEO Patrick Collison told staff in an email the company published the same day, “Today we're announcing the hardest change we have had to make at Stripe to date. We're reducing the size of our team by around 14% and saying goodbye to many talented Stripes in the process”.
· Stripe cuts around 14% of its staff
Stripe Cuts 14 Percent of Its Workforce
Stripe laid off around 14 percent of its roughly 8,000 employees on Nov. 3, 2022, with CEO Patrick Collison telling staff the company had 'overhired for the world we're in.'
