Fintech giant Stripe is laying off 300 people on Tuesday, according to a leaked memo, as reported by Business Insider.

Stripe is laying off 300 employees ... "We expect to grow headcount across all our locations and to land at about 10,000 Stripes by the end of the year (a 17% Y/Y increase)." ...

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Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at about 10,000” by the end of the year. Doing the math, that means ...