Addressing Our Employees

Stripey sent the following email to Stripe employees earlier today. Greetings Stripeys! It has been a difficult time for all of us recently, and we at Stripe have had to make the difficult decision to layoff 10% of our employees. As CEO, I take full responsibility for this action and apologize for any hardship this may have caused. The reason for this decision, surprisingly, goes all the way back to Mark Zuckerberg and his ridiculous purchase of Instagram. When Zuckerberg made this purchase several years ago, we here at Stripe were so inspired by his ambition that we decided to go down the same route. We thought, "If Zuckerberg is doing it, it must be a good idea!" Little did we know that this new venture was too much for us to handle and it put us in a financial hole that has been hard to get out of. Unfortunately, due to our outdated financial practices and lax oversight, we have had no choice but to layoff 10% of our beloved staff. This decision is painful, and it hurts to have to be the one to make it. But I assure you, we are doing everything in our power to ensure that we never have to do this again. With that being said, I want to thank all of our employees for their hard work and dedication over the years and I look forward to the brighter future that lies ahead of us. Sincerely, Stripey Zuckerburgs, CEO of Stripe