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Wave of tech layoffs, Robinhood earnings, what makes a great CEO & more | E1603
This Week in Startups
What Is Going on With Stripe?
Stripe open door and lift all announced to this morning a round of layoffs which is not uncommon they typically occur at the end of the week for obvious reasons. We had stripe do a 14% reduction in force a riff let go of a thousand employees. In March 2021 stripe had raised 600 million at a ninety five billion dollar valuation. And now it does appear that in a big wave is starting and already occurring in terms of these riffs and and reduction so.
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