5,955 karma · joined September 22, 2016
They took a big bet on global growth and this would've exploded HC related to sales, marketing, compliance, recruiting, etc. They pulled hiring forward on an expectation that the market advanced 5 years during COVID and now have to cull that new growth. Lots of late stage private companies and recent IPOs are going through the same thing.
Let's say they went public in '21 instead of raising money in June of that year. The market would've already turned by the end of the lockup period. By delaying the IPO there is still some chance that the shares can be sold on the public market for more than the grant price -- I would note that this really benefits Stripe hired post-2020 but at this point that's like 75% of the company.
Let's say EUR/USD reaches parity for 2 hours during the trading day and I'm in Europe -- for those two hours are my transactions 1 to 1 or is there a lag of a few hours? Or is the "on the ground" exchange rate representative of the previous closing price?
This decision seems to give more power to Congress but on net I think it makes the laws Congress passes weaker because it strips away the effectiveness of the implementation.
I think gender equality may be a big culprit. Take the US for example: women will dominate the college educated class soon if they haven't already, and with that economic freedom comes more optionality in choosing a partner, there are more choices to be had and there will be a self selection of the most desirable men (typically college educated as it correlates to income).
This is not to blame women in any sense, it's a great thing that we're achieving a more equal society, but with a industrial well educated society more optionality with partners will lead to less sex imo.
Sorry to hear about the ghosting, my interview experience was very different to yours, no re-scheduling, and my recruiter was great with respect to timely follow up.
Now that I'm at the company, I've seen how much stress folks are under to interview. Stripe is currently exploding in HC and it's definitely taking a toll on folks who are being tasked with multiple interviews per week which include not just the interview itself but evaluation/coordination/feedback/etc.
Weak leadership that fostered a political culture that they eventually lost control of, and a workforce so engulfed in politics that they lost sight of focus. DHH playing sick is just the Cherry on top. I can't say that I don't feel an enormous amount of that petty German word towards to founders who love to preach about company culture having this blow up so spectacularly.
At some point the two mixed, the "pyramid of hate" is definitely out of the SJW playbook and probably went a bit too far for some people's taste. But shame on the leaders who for years have written books and blogs about how awesome their culture is to have 1/3rd of your workforce (so far) leave because of that aforementioned culture.