Stripe, the global payments platform, is planning to make 300 employees redundant in the coming months. The job cuts will affect roles across product, engineering, and operations teams in various locations. While the exact areas impacted remain unclear, Dublin is not expected to see a significant number of losses. Stripe, which currently employs around 8,500 people, anticipates its workforce to reach 10,000 by the end of the year.
Patrick Collison, co-founder and chief executive of Stripe: The company, jointly headquartered in Dublin and San Francisco, employs about 8,500 and that number is expected to climb to 10,000 by the end of the year. Photograph: Bloombergis to make 300 staff redundant over the coming months as part of what is understood to be a review of some aspects of its operations.
The company did not say which areas of operations would be impacted by the job cuts but they are expected to mainly affect people in product, engineering and operations roles across a wide range of teams. The company, jointly headquartered in Dublin and San Francisco, currently employs about 8,500 people and, despite the job losses, that number is expected to climb to 10,000 by the end of the year.in 2010 and has become one of the leading forces in ecommerce payments in the years since. In December it said it had processed 465 million transactions in the period covering Black Friday to Cyber Monday, involving some $31 billion in payments.
The company laid off about 1,000 of its staff in 2022, then about 14 per cent of its total workforce and let a much smaller number of people, reported to have been about 40, go the following year.
STRIPE EMPLOYMENT JOBS IRELAND TECHNOLOGY
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