<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>TorKlingberg</author><text>&amp;gt; Sucks because my manager was only told this morning&lt;p&gt;As a manager I find their really curious. I guess they were trying to avoid leaks. I wonder how they chose who to lay off. Most recent performance rating? Next level managers impression?</text></item><item><author>thunkle</author><text>I work for Stripe and got laid off this morning. Sucks because my manager was only told this morning, and didn&amp;#x27;t have a chance to talk about how well I was doing or take any part in the decision making. We&amp;#x27;ll at least I&amp;#x27;ll get a break. I worked nights and weekends all of October.</text></item></parent_chain><comment><author>mik3y</author><text>Yes, it&amp;#x27;s normal for layoffs to be planned and executed by a very small group, typically to avoid leaks or creating hysteria ahead of decisions being finalized. This in turn means less-than-perfect information is available, and so less-than-scientific cuts are made.&lt;p&gt;&amp;quot;Ideally&amp;quot;, your layoff strategy dictates some cuts regardless of performance: Say we&amp;#x27;re shutting down the self-driving car division, folding up recruiting, or choosing to accept the risk that comes with getting rid of the whole security team; sadly, the performance of the individuals involved isn&amp;#x27;t really considered.&lt;p&gt;Tenure, seniority, and comp are also factors that can come into play &amp;amp; are straightforward to establish without lower-level involvement.</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>TorKlingberg</author><text>&amp;gt; Sucks because my manager was only told this morning&lt;p&gt;As a manager I find their really curious. I guess they were trying to avoid leaks. I wonder how they chose who to lay off. Most recent performance rating? Next level managers impression?</text></item><item><author>thunkle</author><text>I work for Stripe and got laid off this morning. Sucks because my manager was only told this morning, and didn&amp;#x27;t have a chance to talk about how well I was doing or take any part in the decision making. We&amp;#x27;ll at least I&amp;#x27;ll get a break. I worked nights and weekends all of October.</text></item></parent_chain><comment><author>dmurdoch</author><text>I work at a company that did layoffs recently as well, about double this size.&lt;p&gt;Our managers also had no idea until day of. The entire day was spent watching co workers google calendars and slack accounts. Once they got a meeting booked with HR, their meeting titles all turned into &amp;quot;busy&amp;quot;, so we would know who is getting cut and who wasn&amp;#x27;t. It was a brutal day.&lt;p&gt;In our case I don&amp;#x27;t think they were picking people based on performance whatsoever. It seemed to just be about who was paid the best and who in the org structure could have their job removed and someone else take over. Really weird.</text></comment>