Stripe laying off around 14% of workforce

Post by petrusnonius » Thu, Nov 03, 2022, 10:49 PM UTC

dangerwill wrote: post #572

rexreed wrote: post #245

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…

There is Adyen over in Europe. I don't know/doubt they do as much business as Stripe but they aren't insignificant

Post by [deleted] » Thu, Nov 03, 2022, 10:51 PM UTC

oblio wrote: post #747

xyst wrote: post #729

Earlier quoted context omitted.

I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. I do agree this is generous af. Most companies just give out minimum severance. No acceleration of vesting. Healthcare continues for maybe 1-2 months. I know at my current company, I will lose all PTO.

> I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. Oh, sweet summer children and children of recession free economies for IT. If job openings fall to 10-20-30% of current ones and tens, hundreds of thousands of IT workers are fired, good luck getting hired quickly, when any of the few good remaining job opening has hundreds of good applicants. We'll be back to the days of: Sure, you can…

Post by throwayyy479087 » Thu, Nov 03, 2022, 10:53 PM UTC

sirsinsalot wrote: post #753

oblio wrote: post #747

Earlier quoted context omitted.

> I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. Oh, sweet summer children and children of recession free economies for IT. If job openings fall to 10-20-30% of current ones and tens, hundreds of thousands of IT workers are fired, good luck getting hired quickly, when any of the few good remaining job opening has hundreds of good applicants. We'll be back to the days of: Sure, you can…

I've been a continuously hired coder for 20 years, with zero qualifications, and have never experienced anything but demand even in recession. There's always non FAANG boring crud apps to code.

Post by tedunangst » Thu, Nov 03, 2022, 10:58 PM UTC

jgoodhcg wrote: post #558

radu_floricica wrote: post #552

Earlier quoted context omitted.

No offence, but they're not putting anybody in the electric chair. They're letting people go with pay until almost March - if you can't find a new job in 4 months, it's on you, and maybe they weren't wrong to give you up. A dynamic job market includes hiring and firings. At most they have to apologize for some disruption, and they more than made up for that with the severance packages. And about the language - "fire"…

4 months is relatively generous but... > if you can't find a new job in 4 months, it's on you, This statement feels _wrong_. We are all subject to macro trends that we don't have control over. They impact our lives. Even the well off tech people but especially people in other industries.

Post by propagandist » Thu, Nov 03, 2022, 11:01 PM UTC

sammalloy wrote: post #779

jacobsenscott wrote: post #766

Earlier quoted context omitted.

Can we please retire this "sweet summer child" thing? It is annoying af, rude, and likely never written by anyone over 30.

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