501–510 of 1001 posts
We've been having a hard time figuring out how to hire qualified people to build top-notch educational content because we pay less than industry rates.
The upside is that we do meaningful work, have good health care, decent pay, good work environment, (edit: also fully remote-able), and job stability (we're funded by philanthropists and don't need to make a profit).
If anyone hit by the recent layoffs is passionate about good education and would like a change of pace, feel free to email me (address in profile) to start a conversation.
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I don't work at stripe, but in general after a big layoff there's still the same amount of work to be done but now you have less people to do it. It's not just the people that were laid off that are gone, but others will leave after the layoff occurs fearing more layoffs to come. Leading to even less people to do the work. It can become a downward spiral for those who are left.
it's fine I'm sure that most of stripe work reasonable hours
I feel bad for employees that have waited a decade to cash out. No reason why Stripe couldn’t have gone public in 2020-2021 at a huge valuation but from past interviews it sounds like the decision to remain private was just a founder preference thing because “focus” or something. Now the IPO market is completely frozen and its valuation is likely cut in half from peak, at least.
They couldn’t IPO. Stripe is a bubble. They don’t want their financials under a microscope.
They do have a slick integration process for outside developers, but is that enough for to justify the financial values attached to them in the recent past?
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No amount of money would make the stress of 3 jobs worth it to me. To constantly be letting down people around me would be depressing, don't care if I'm making 500k/yr.
They don't care about you. Don't make the error of caring about them.
Stripe stresses me out. I really cringe worrying about having too many financial eggs in the Stripe basket. But Paypal is no alternative and traditional CC processors are awful. How does one hedge their bets with Stripe? I worry one day we'll hit some transaction "trigger" and then all our money will get locked up in Stripe with no customer support recourse. I fear being "too successful" with no recourse if I depend…
This has already started happening with the introduction of their Billing product which begins charging for basic features that were previously free.
We'll see a slow migration away from the flat 2.9% + 30 cents --> much more complicated and expensive pricing models.
Anyone else think that Meta will be next?
I work for Stripe and got laid off this morning. Sucks because my manager was only told this morning, and didn't have a chance to talk about how well I was doing or take any part in the decision making. We'll at least I'll get a break. I worked nights and weekends all of October.
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During mass layoffs, your immediate manager is often not told in advance in order to stop leaks and also because he/she may be one of the people laid off. (You cannot tell only some managers and leave others out, because managers of the same level talk among themselves. The ones left out would know why).
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This might sound wild, but maybe the decent thing to do is if the company warns the team months in advance that a purge is coming. Let those who need to leave, leave. Quietly tell those who you really want to remain that they should not fear.
It does sound wild. Letting people who are likely angry having access to company resources and financials being able to make real damages to Stripe's customers. Companies want to keep high performers. Voluntary layoffs is a very dumb move.
Go to their job page: https://stripe.com/jobs/search Almost 700 open roles right now...
I'm all for layoffs, but this is indeed extremely curious.