Stripe laying off around 14% of workforce

MichaelZuo wrote: post #3

Stripe did seem to be somewhat overstaffed after the huge hiring spree in the last 2 years. Though the bottom 14% is a pretty big amount to cut, almost certainly some decent performers in that group.

> after the huge hiring spree in the last 2 years.

Would be useful to see some charts of all those "hiring sprees" that happened during the last 2 years at the big US tech companies, and how the curves on those charts would compare to "normalized" charts had the pandemic/hiring sprees not existed (i.e. if the headcount in 2020-2021 would have increased following the same hiring trends of 2019, 2018 etc).

Re: Stripe laying off around 14% of workforce

#9

Post by o10449366 » Thu, Nov 03, 2022, 1:31 PM UTC

They've been doing "layoffs" for quite some time, they've just been trying to keep it quiet. I know multiple people (including engineers) that were let go in the past two months.

Re: Stripe laying off around 14% of workforce

#10

Post by peruvian » Thu, Nov 03, 2022, 1:32 PM UTC

MichaelZuo wrote: post #3

Stripe did seem to be somewhat overstaffed after the huge hiring spree in the last 2 years. Though the bottom 14% is a pretty big amount to cut, almost certainly some decent performers in that group.

Seems like everyone was in a hiring spree in 2020 and 2021.