Stripe—Stripe provided industry-leading severance package during 2022 mass layoffs including 14 weeks pay, healthcare, and immigration support
During the November 2022 layoff of 14% of its workforce (approximately 1,120 employees), Stripe provided a comprehensive severance package that was widely praised as a model for responsible layoffs. The package included 14 weeks minimum severance (more for longer tenure), 2022 annual bonuses, payment for unused PTO, six months of healthcare premiums, accelerated RSU vesting, career support to connect departing employees with other companies, and immigration support for visa holders.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | +toward | secondary | +0.50 |
| Worker Rights | +toward | primary | +1.00 |
| Overall incident score = | +0.483 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.64)
Evidence (2 signals)
Amplify DEI cited Stripe's 2022 layoff as best practice for responsible employee layoffs
Amplify DEI published an analysis praising Stripe's 2022 layoff handling as a blueprint for psychological safety during layoffs. The article highlighted the comprehensive severance including 14 weeks pay, bonuses owed, healthcare continuation, career support, and immigration assistance as best practices other companies should follow.
TechCrunch reported Stripe's comprehensive severance package during 14% workforce cut in November 2022
TechCrunch reported that Stripe's CEO Patrick Collison announced layoffs of 14% of the workforce, approximately 1,120 employees. The severance included 14 weeks minimum pay, 2022 annual bonus, unused PTO payment, six months healthcare premiums, accelerated RSU vesting, career support, and immigration support for visa holders.