Thread regarding Intel Corp. layoffs

Stripe just laid off 14% of the total headcount

Details to follow - https://stripe.com/en-au/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees

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| 2144 views | | 3 replies (last November 3, 2022) | Reply
Post ID: @OP+1jw3Rgg6

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That's a generious package

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Post ID: @evo+1jw3Rgg6

Any word of our rsu vesting deals? What about stock that would vest in that job search window

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Post ID: @syb+1jw3Rgg6
  • * Severance pay. We will pay 14 weeks of severance for all departing employees, and more for those with longer tenure. That is, those departing will be paid until at least February 21st 2023.
  • Bonus. We will pay our 2022 annual bonus for all departing employees, regardless of their departure date. (It will be prorated for people hired in 2022.)
  • PTO. We’ll pay for all unused PTO time (including in regions where that’s not legally required).
  • Healthcare. We’ll pay the cash equivalent of 6 months of existing healthcare premiums or healthcare continuation.
  • RSU vesting. We’ll accelerate everyone who has already reached their one-year vesting cliff to the February 2023 vesting date (or longer, depending on departure date). For those who haven’t reached their vesting cliffs, we'll waive the cliff.
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Post ID: @kte+1jw3Rgg6

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