Stripe Layoffs
Industry Finance · Location SF Bay Area · United States · Subscribe (RSS)
Stripe has 4 publicly reported layoff rounds on record between August 19, 2022 and January 21, 2025. A total of about 1,350 employees were affected across these rounds.
Layoff history
Stripe laid off 300 employees on January 21, 2025, roughly 3% of its global workforce of about 8,550. Chief People Officer Rob McIntosh told staff in a memo that the cuts reflected "several team-level changes needed" to put the right people in the right roles ahead of the company's plans. The affected positions were concentrated in product, engineering, and operations. Despite the reductions, McIntosh said Stripe intended to grow total headcount by 17% to reach approximately 10,000 employees by year-end. In an unusual footnote, notification emails sent to some affected workers in non-California U.S. states accidentally included an attachment described as a cartoon duck labeled "US-Non-California Duck." Stripe, valued at $70 billion at the time, last conducted major layoffs in November 2022, when it cut 14% of its staff.
Reason: Team-level restructuring to align roles and locations with company plans
Source: businessinsider.com
Stripe disclosed a workforce reduction affecting its SF Bay Area operations in June 29, 2023.
Source: theinformation.com
Stripe disclosed a workforce reduction affecting its SF Bay Area operations in November 3, 2022. Approximately 1,000 roles were eliminated.
Source: bloomberg.com
Stripe disclosed a workforce reduction affecting its SF Bay Area operations in August 19, 2022. Approximately 50 roles were eliminated.
Source: techcrunch.com
Data for Stripe is compiled from public WARN Act filings and reporting linked above. See our methodology.