“Our business is fundamentally well-positioned to weather harsh circumstances.”
Stripe signed 75 percent more new customers this quarter than a year ago and cut 14 percent of its staff anyway. Headcount goes back to almost 7,000, where it sat in February. The Collisons admit they hired for a boom that wasn’t coming. Fourteen weeks of severance is better than most. The founders made the bad bet and the employees pay for it.