Stripe, Online payment giant to lay of 14% Workforce

Patrick Collison CEO of Stripe has sent a memo to staff stating to layoff 14% of workforce.

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Rising inflation, high rate of Interest, recession fears and other economic concerns are the reasons behind this move.

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The headcount will come down to 7,000 after the layoff.

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Patrick Collison & President John Collison felt very sorry for this step.

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Last month Brex has laid down 11% of its workforce.

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Chime also confirmed that it would be laying off 12% of its employees.

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Presently Stripe has around 8,000 employees.

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This layoff might affect 1,120 of Stripe's workforce.

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Kate Middleton facing a lot of stress?

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Stripe, Online payment giant to lay of 14% Workforce

CREDIT : GOOGLE

TECHNOLOGY

Patrick Collison CEO of Stripe has sent a memo to staff stating to layoff 14% of workforce.

CREDIT : GOOGLE

Rising inflation, high rate of Interest, recession fears and other economic concerns are the reasons behind this move.

CREDIT : GOOGLE

The headcount will come down to 7,000 after the layoff.

CREDIT : GOOGLE

Patrick Collison & President John Collison felt very sorry for this step.

CREDIT : GOOGLE

Last month Brex has laid down 11% of its workforce.

CREDIT : GOOGLE

Chime also confirmed that it would be laying off 12% of its employees.

CREDIT : GOOGLE

Presently Stripe has around 8,000 employees.

CREDIT : GOOGLE

This layoff might affect 1,120 of Stripe's workforce.

CREDIT : GOOGLE

Kate Middleton facing a lot of stress?