Is Stripe laying off employees?

Stripe layoffs in 2022

In November 2022, Stripe laid off 14% of its workforce, affecting about 1,000 employees. This decision was part of a broader restructuring to address overhiring and slowing economic growth in the tech industry.

Reasons for layoffs

The layoffs were driven by overestimating the growth of the internet economy and a need to reduce operational costs as the company adapted to changing market conditions.

No additional layoffs in 2024

As of now, Stripe has not announced further layoffs in 2024. The previous layoffs were intended to stabilize the company’s operations.