Layoff · Nov 3, 2022

Stripe cuts 1,120 jobs

DateNov 3, 2022

CountryUnited States

ReasonMarket downturn

IndustryFintech

People affected

1,120

14% of the workforce

Coverage

2 sources reporting this layoff. Previews load live from each site.

Stripe lays off 14% of staff amid challenging economic climate

The cuts to its workforce will return Stripe to its February 2022 headcount of almost 7,000 people.

Stripe cuts 14% of its workforce, CEO says they 'overhired for the world we're in' | TechCrunch

Stripe has announced that it's laying off 14% of its workers, impacting around 1,120 of the fintech giant's 8,000 workforce.