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Stripe Takes Steps to Prune Workforce
- umeshunni 4y agowhat a content-free article. 10000 words to say 'company has performance reviews'.
- hitekker 4y agoMy friends at Stripe are calling it a shadow layoff. > In late June, as a last-minute addition to its midyear performance reviews, Stripe managers in departments ranging from engineering to marketing were asked to rate their employees on whether they would rehire them. The multiple-choice answers ranged from phrases like “yes, they’re among the best I’ve ever worked with” to “probably wouldn’t rehire” and “definitely wouldn’t rehire.” That question alone is a red flag. Forbes claims to have interviewed 10+ folks; it mirrors the word on the street. Stripe overhired and now they need to downsize.