Stripe, the payment processing giant, laid off 300 employees—about 3.5% of its global workforce—during its annual review process. The layoffs, reducing Stripe’s staff to roughly 8,200, were marred by email errors, including incorrect termination dates and an image of a yellow cartoon duck.
Chief People Officer Rob McIntosh apologized for the mishap, confirming corrected notifications were sent. The layoffs follow Stripe’s 14% workforce reduction in 2022 but come as the company plans to grow to 10,000 employees by year’s end. The incident highlights ongoing challenges in tech workforce management.
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