What is the Stripe layoff package?

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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】.

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