Stripe to focus on gr let go of 300 Employees, hopes to grow workforce by 17% by 2025
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Despite the layoffs, Stripe is still on track to grow 17% by 2025 with 10,000 employees by year end, according to Rob McIntosh, chief people officer. We currently have 8,550 employees after the layoffs.
The layoffs were part of the org review to streamline and align the company with changing needs. McIntosh said these cuts were to make team level changes to help Stripe get things done.
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Stripe has eliminated personnel for the second time in 2022 (in November 2022, there were 1,120 employees, or 14% of the company). Prior to the recent layoffs, we had approximately 8,000 employees.Stripe is one of the few companies that are admitting to it: companies are adjusting to the state of the economy.
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