PIP Culture - Anonymous Stripe Employee Review

2.0
4 Apr 2025
Recommend
CEO approval
Business outlook

Pros

Free lunch when you're at the office. Decent medical insurance. Good wellness.

Cons

Managers are incompetent. PIP culture. They call it a 4 week coaching plan but this is a PIP. At the time they give you this coaching plan to improve, they've already notified the People Team of your upcoming termination. People team is not on your side. They are only there to make sure nothing illegal is said. I also felt discriminated against. My team was all white people (very nice, don't get me wrong), and the hiring manager only hired white people... particularly people he worked with at Meta. No growth opportunities. You are stuck at your level hired, and then kind of forced to move on after 3-4 yrs. Massively reduced pay bands in 2024. I accidentally came across some comms about this (another sloppy security mistake by the team). Be ready to burn the candle at both ends. If you're not up late catching up on project work, you will be called out for it and given a bad midyear/end of year review. They work on 3% margin so they try to push products like Radar (fraud prevention which is mediocre compared to services like Sardine), and Capital (predatory lending that ends up being 25+% interest rate on loans). Stripe will struggle through the economic downturn caused by Trump.

Explore other reviews about Stripe

4.0
4 Jun 2021
Recommend
CEO approval
Business outlook

Pros

The work is very high impact and there are lots of opportunities to learn if you're not already familiar with the fintech space. Most of the big projects I've been on so far have been fun to work on. There are also a lot of talented, kind, and helpful engineers at Stripe who are really nice to learn from. I really enjoy my manager and the folks on my team. The money + bonuses are ~ok~. Pretty standard for a pre-IPO unicorn, but the goal is that there will be a big pay off later (fingers crossed).

Cons

- The work life balance is *bad*. For how many products Stripe has, we are a very lean company. Too lean. There's just a lot of work, and very very tight deadlines, very fast paced, and not enough engineers and product managers to do all of it. If you want WLB as an engineer, join an infrastructure team, not a product team. - There is little to no investment in making the engineering org more diverse. This was surprising to me because of a lot of public facing company statements, but don't be fooled like I was. People (at least in the eng org) do not care about diversity. - HR sucks. And of course they would, I guess. But I had a really negative experience with HR where I walked away feeling completely devalued and gaslit. - Dev environments kinda suck and make the work a lot slower than it should be.

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