<story><title>Stripe laying off around 14% of workforce</title><url>https://stripe.com/en-au/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees</url></story><parent_chain><item><author>jcadam</author><text>I was laid off at the beginning of October and still can’t find anything.  It’s definitely a buyer’s market for senior level engineering talent.</text></item><item><author>gzer0</author><text>&lt;p&gt;&lt;pre&gt;&lt;code&gt;  * 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&amp;#x27;ll waive the cliff.
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While layoffs in general suck, the terms of this one are quite substantially better than many other companies.</text></item></parent_chain><comment><author>DeathArrow</author><text>Me too. I was laid off at the beginning of October. I got three good offers, picked the best and signed the contract.&lt;p&gt;I went through about 15 interviews and applied to maybe 50 positions.</text></comment>
<story><title>Stripe laying off around 14% of workforce</title><url>https://stripe.com/en-au/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees</url></story><parent_chain><item><author>jcadam</author><text>I was laid off at the beginning of October and still can’t find anything.  It’s definitely a buyer’s market for senior level engineering talent.</text></item><item><author>gzer0</author><text>&lt;p&gt;&lt;pre&gt;&lt;code&gt;  * 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&amp;#x27;ll waive the cliff.
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While layoffs in general suck, the terms of this one are quite substantially better than many other companies.</text></item></parent_chain><comment><author>Grazester</author><text>Amazon and Google are always calling, even now I gets emails from both. Amazon recruiters just spam me.
Shoot your shot there if interested</text></comment>