In many EU countries if you are fired without being your fault or there is a mass lay-off, the law demands the company pays you some compensation. The law also demands the company to give you a notice period, so you are able to find another employment.
It seems many people are woved because Stripe has the generosity of granting severance pay to people they laid off.
It doesn't seem like a generosity to me, it's more PR on one hand and on the other hand they want the developers good will if there is going to be a market growth in the near future and they will go again on a hiring spree.
It's Stripe's management fault they did wrong calculations betting on explosive growth, going on a hiring spree to support that falsely accounted growth and the going to fire some hard working fault. But somehow they manage to turn this into a PR success and painting their mess as a win. It's not a win, it's a loss. And I would think twice before applying to Stripe in the future.
It seems many people are woved because Stripe has the generosity of granting severance pay to people they laid off.
It doesn't seem like a generosity to me, it's more PR on one hand and on the other hand they want the developers good will if there is going to be a market growth in the near future and they will go again on a hiring spree.
It's Stripe's management fault they did wrong calculations betting on explosive growth, going on a hiring spree to support that falsely accounted growth and the going to fire some hard working fault. But somehow they manage to turn this into a PR success and painting their mess as a win. It's not a win, it's a loss. And I would think twice before applying to Stripe in the future.