Finance

Fintech company Stripe to lay off 1,000-plus in preparation for ‘leaner times’

By Christopher Hutton
Published November 3, 2022 4:31pm ET
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Fintech company Stripe to lay off 1,000-plus in preparation for ‘leaner times’
The payment processing company Stripe told employees that it intends to lay off more than 1,000 workers in an attempt to cut costs. The company will cut its workforce by 14% this week in preparation for “leaner times,” according to a letter sent by Stripe co-founders Patrick and John Collison. The company does so as […]

The payment processing company Stripe told employees that it intends to lay off more than 1,000 workers in an attempt to cut costs.

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