They are doing what any company does whether the slow down in the economy impacts them or not. They lie and say it impacts them and use it to do a purge.

I worked at companies that were in no way impacted by the 2008 financial crisis (in fact, business was booming). Leadership managed to use it as an excuse to do a hiring freeze and plead with existing employees that they are the lucky ones and they need to work harder during “this difficult time”. Facebook and Google just turned to that page recently in the “ruthless business playbook: version 1 (it never needed to be updated since the dawn of time)”.

It’s kind of psych 101 stuff. Never underestimate the true nature of business: Amorality.

There is some genuine bullshit going on now days because we have record low unemployment and open job positions. If they say it’s all in the service and labor sectors, well, that just means you gave more people an opportunity to earn money. Those people will then go online and spend it, so how the fuck would Stripe get less business? Unless Stripe is genuinely retarded, in which case I wouldn’t blame the 14% layed off, I’d look to replace leadership. But you see, Stripe isn’t retarded.

Be ready for your company that’s in some booming industry to use the recession and inflation as an excuse.