Stripe—Laid off 14% of workforce (1,120 employees) citing over-optimism about internet economy
CEO Patrick Collison announced layoffs affecting approximately 1,120 employees, stating 'We were much too optimistic about the internet economy's near-term growth in 2022 and 2023.' Offered 14 weeks severance minimum, with more for longer tenure.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.590 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
Confirms Firing Nov 3, 2022 verified
Laid off 14% of workforce (1,120 employees) citing over-optimism about internet economy
CEO Patrick Collison announced layoffs affecting approximately 1,120 employees, stating 'We were much too optimistic about the internet economy's near-term growth in 2022 and 2023.' Offered 14 weeks severance minimum, with more for longer tenure.