Stripe has announced layoffs affecting 300 employees, approximately 3.5% of its workforce, as noted in an internal memo. The cuts mainly impact personnel in product, engineering, and operations. Rob McIntosh, the chief people officer, stated that despite these layoffs, the company still aims to grow its headcount to approximately 10,000 by year-end, reflecting a continued commitment to expansion after substantial layoffs in 2022.
"As we've been working through our plans for 2025, leaders took a close look at their organizations and team structures. It became clear that there were several team-level changes needed to make sure we have the right people in the right roles..."
"While this is challenging, it’s better to make all these changes at once rather than allow them to roll out gradually throughout the year."
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