Stripe Layoffs
August 2022
Stripe announced a layoff affecting 50 employees in August 2022. The company operates in the Finance sector.
50
Aug 19, 2022
About
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.
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