To combat a challenging inflationary environment, payment giant Stripe announced a 14% workforce reduction.

The US online payment giant Stripe announced a 14% workforce reduction. CEO Patrick Collison stated that due to currency inflation, energy shocks, soaring interest rates, reduced investment budgets, and scarce startup capital, they had to make this difficult decision.

The U.S. online payment giant Stripe announced a 14% reduction in workforce. CEO Patrick Collison stated that this difficult decision was made due to inflation, energy shocks, soaring interest rates, reduced investment budgets, and scarce startup funding.

Stripe also offers payment services for cryptocurrencies, with current clients including FTX US, Crypto.com, and Nifty Gateway.