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stripe heres the headline from them moments ago cutting staff by 14 its readying for what they call Lena times the co-founder said this we were much too optimistic about the internet companys near-term growth in 22-23 and underestimated both the likelihood and impact of a broader slow down Ed they are not alone are they theyre not alone you look especially across some of the larger growth names in in the private company space including in that they are battening down the hatches for what is a changing Market a stripe was pretty bloated right I think we started the year 8 000 employees were now going back to 7 000 a cut of one thousand but what Im hearing from Venture capitalists on all levels of the curve from seed through to growth Equity stage is now is the time to be disciplined preserve cash do not invest with risk and be conservative with hiring and that is exactly what this stripe story represents thats across the Bloom back
