Stripe accused of ‘back door layoffs’ as tech job fears grow

Managers have been asked to mark 10 per cent to 15 per cent of employees as ‘not meeting expectations’, according to report

John and Patrick Collison, founders of Stripe: the payments company has reportedly revised its performance review ratings.

Stripe has said it is continuing to hire locally amid claims it recently asked managers to give lower performance ratings for employees in a move that will be viewed with concern given how many staff the company employs in Dublin.

The practice, which is known in some circles as “back door layoffs” typically involves raising the bar when it comes to staff reviews so that more employees fail to reach agreed performance targets.

According to ...