The Tech industry is very cyclical. In two years Stripe, and other companies that handled redundancies badly, will be asking themselves why they struggle to recruit top talent.
The package was more generous than it had to be. The founders took responsibility and were transparent about the business. It was handled reasonably.
I would work at Stripe again.
Shit happens. They made a bet based on the information that they had at the time (in this case that COVID moving commerce hugely online would be a permanent shift, when it wasn't (or at least not as large.)) They mis-predicted the future and then had to respond.
I understand why they made the bet they did (and mostly agree.) I understand why they then decided to do layoffs (and mostly agree.)
They didn't blame anyone else or try to sidestep the difficult conversations.
Depending on employees age, length of employment 16 weeks can be an extremely low amount and the courts could get a higher settlement.
2. They talked through their decision making process in hiring at the rate Stripe did, then what changed that made them do layoffs. They were very direct that this was their choices and they owned them.
I don’t need them to weirdly punish themselves. They made a bet. They were wrong about the future. That’s fine.
I got 14 weeks which is a really long time.
If we are talking Ireland, as others have said the law appears to be exactly this.
I can think of people I know is big tech companies who were nearly fired. One guy ended up serving out a purgatory sentence as a CE because his boss got whacked. A year later, he’s an SVP when a friend of the old boss took over.
Ditto the opposite. A friend in a bank collects low performers purposefully to protect his core teams. He dutifully offers some cannon fodder up when the company demands tribute to the volcano gods.