LayoffMath

Company severance · technology

Severance Pay at Stripe — What to Expect & How to Negotiate

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The figures below are drawn from public news reporting about its November 2022 layoffs (~14% of staff). Severance packages vary by role, tenure, and date, change over time, and are not guaranteed. Use them as a negotiating benchmark, not a promise — and confirm anything specific directly.

Stripe’s November 2022 reduction of about 14% was accompanied by a widely circulated founders’ memo. Reporting described roughly 14 weeks of base severance plus about 1 week for every year of service, payment of the 2022 annual bonus and unused PTO, around 6 months of existing healthcare premiums, mental-health support, and immigration assistance.

These figures reflect that one event and vary by tenure. Use the estimate below for your own role and tenure.

Stripe vs. typical tech severance

Stripe’s reported 14 weeks + 1 week/year was a touch below the Google/Meta baseline but still well above typical tech severance.

Stripe (reported)Typical tech severance
Base severance~14 weeks reported1–2 weeks per year of service (more at senior levels)
Per year of service+~1 week reportedIncluded above
Healthcare~6 months reportedCOBRA continuation, often unsubsidized
Bonus / PTOReported paid outRarely included; negotiable

Estimate your own Stripe severance

The reported package is a benchmark, not your number. Estimate a fair range for your role and tenure, then negotiate against whatever you were actually offered.

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Other companies

Meta →Google →Salesforce →

Severance rules by location

California →Washington →New York →

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Figures from public reporting of Stripe’s November 2022 layoffs. LayoffMath is not affiliated with Stripe. This page provides educational estimates only and is not legal advice. It does not create an attorney-client relationship. For advice specific to your situation, consult a licensed employment attorney.