Stripe is laying off about 300 employees this week. And companies that offer digital payment processing services appear to be making good on their eviction practices. Business Insider report Employees affected by the layoff received a PDF image of the duck in an email, including an incorrect termination date.
A Stripe spokesperson confirmed this. Business Insider And it said a follow-up email had corrected the error. Stripe said it still plans to grow its headcount to 10,000 this year.
On Blind, a discussion board where employees in the tech industry can speak anonymously, a Stripe employee joked that someone should quickly create a custom duck emoji in the company's Slack.
The tech industry has faced unprecedented layoffs in recent years after nearly two decades of growth. And the mass layoffs necessitated by over-hiring during the pandemic have not always proceeded smoothly. One common scenario is an employee waking up to find that work equipment won't turn on. Or arrive at the office and try to put on a badge. just to see Access code not working– Information is sometimes incorrect. to affected employeesOr a termination email will be sent to the work account. As well as employees being cut off from access.
Better.com's CEO takes heat and leaves behind him Lay off 900 employees via Zooma call in which he accused affected employees of “stealing” by not working hard enough. PagerDuty's CEO quoted Martin Luther King Jr. in her email. layoff of employees–
Overall, power has shifted back from tech workers to employers. Since mass layoffs began in late 2022, employees have been unable to protest their companies signing contracts with the Ministry of Defence. or fight for DEI and other initiatives anymore. The best part is that the tech job market is no longer good. And leadership is blatantly dismissive of employees' concerns.
Patrick Collison, CEO of Stripe received enormous heat In late 2024, in a post he shared about his X while running in Tel Aviv, he wrote, “Great to be back” Collison's hometown of Ireland and Stripe's office. sound critic of Israel throughout the war with Gaza
As one of the leaders in online payments His company is still going strong, Stripe recently received a reported valuation. More than 70 billion dollars–
Glad to be back in Tel Aviv. I missed this run. pic.twitter.com/xc4LP1MkQm
– Patrick Collison (@patrickc) November 27, 2024