Stripe

Stripe, the Irish-American payments processing company, laid off 300 employees on January 21, 2025, representing approximately 3.5% of its then 8,500-strong workforce. The cuts primarily affected roles in product, engineering, and operations. According to an internal memo from Chief People Officer Rob McIntosh, the layoffs were part of organizational restructuring to align teams with 2025 plans, aiming to place the right people in the right roles and locations. Despite the reduction, the company emphasized it is not slowing hiring and still plans to grow its total headcount to about 10,000 employees by year's end, citing strong business performance. This follows earlier workforce reductions in 2022 and 2023.

Stripe on 2023-06-29.

Stripe laid off 1,000 employees representing approximately 14% of its workforce on 2022-11-03.

In August 2022, fintech giant Stripe laid off between 45 and 55 employees from TaxJar, a tax compliance startup it acquired in April 2021. The layoffs, conducted over the prior month, were part of Stripe's decision to wind down TaxJar-focused go-to-market efforts. This workforce reduction impacted a significant portion of the approximately 200 employees who joined Stripe from TaxJar, representing a cut of over 20% from that acquired team. The move occurred amid a broader tech downturn and followed a 28% internal valuation cut for Stripe in July, though the company, valued at $95 billion by investors, remains a major player in the financial technology industry.