Stripe Saw Major Uptake of Staff Offer to Move With 10% Pay Cut
- Firm is deciding its stance on mix of in-office, remote work
- Still no plans for IPO after garnering $95 billion valuation
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Stripe Inc. saw “major uptake” of the unusual offer it made to staff during the pandemic: Leave high-cost cities like New York and San Francisco and take a $20,000 bonus to boot.
The catch? Workers had to consent to a 10% cut to their base compensation.