### Stripe layoffs in 2022

In November 2022, Stripe laid off **14% of its workforce**, affecting about 1,000 employees. This decision was part of a broader restructuring to address overhiring and slowing economic growth in the tech industry.

### Reasons for layoffs

The layoffs were driven by overestimating the growth of the internet economy and a need to reduce operational costs as the company adapted to changing market conditions.

### No additional layoffs in 2024

As of now, Stripe has not announced further layoffs in 2024. The previous layoffs were intended to stabilize the company’s operations.

Is Stripe laying off employees?

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Stripe layoffs in 2022

In November 2022, Stripe laid off 14% of its workforce, affecting about 1,000 employees. This decision was part of a broader restructuring to address overhiring and slowing economic growth in the tech industry.