Stripe Layoffs
January 2025
Stripe announced a layoff affecting 300 employees (3% of its workforce) in January 2025. The company operates in the Finance sector.
300
3%
Jan 21, 2025
About
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.
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