Stripe's cuts will reduce its headcount to a total of almost 7,000 people and impact multiple divisions. Recruiting will be heavily impacted as the financial services giant plans to hire fewer people next year.
Author Ray Wang and FOX Business' Susan Li discuss the exodus of Gen Z workers from long-term jobs on 'Cavuto: Coast to Coast.'on Thursday as it looks to cut costs in preparation for a "different economic climate."
While Collison said that Stripe's business is "fundamentally well-positioned to weather harsh circumstances", he claimed that the firm was "much too optimistic about the internet economy’s near-term growth" in 2022 and 2023 and "grew operating costs too quickly."The financial services giant's layoffs will reduce its headcount to a total of almost 7,000 people.
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