Page 32 - Patrick Collison News Today

Headlines of staff cuts and workforce drawdowns have littered the cryptocurrency industry this week, though there’s still opportunity out there it seems.

The payment processor cited

The payment company, which is downsizing, plans to expand into markets where merchants are increasingly migrating to digital commerce.

The end of the year is gradually turning into hell for the tech sector.

The future is getting smaller.

Lyft on Thursday said it will lay off 13% of its staff, or nearly 700 employees, as it rethinks staffing amid rising inflation and fears of a looming recession.

In their memo to laid-off employees, Patrick and John Collison, the cofounders of Stripe, take accountability and apologize for their mistakes.

Online payments giant Stripe is laying off roughly 14% of its staff, CEO Patrick Collison wrote in a memo to staff Thursday.

Collison brother make announcments

Amazon said it was pausing corporate hiring, while Lyft and Stripe said they were cutting jobs.