### Stripe layoff package

Stripe provided a generous layoff package to employees impacted by the 2022 layoffs. The package included:

- **14 weeks of severance pay** (with more for those with longer tenure)
- **2022 annual bonus** (prorated for recent hires)
- **Unused PTO payout**
- **6 months of healthcare coverage**
- **Accelerated stock vesting** for employees past the one-year mark
- **Career support** and **immigration assistance** for visa holders

This package aimed to offer strong support during transitions【42†source】.

What is the Stripe layoff package?

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