[csharpminor]

I think it is. Firing is horrendously expensive, so most companies will follow a progression of cuts before resorting to layoffs. They'll typically start with perks (e.g. travel / team entertainment / office space) and then progress to a hiring freeze, and then move to layoffs.

In Stripe's instance it seems like they went directly to layoffs. I heard that they did institute a PIP process last year but not sure what percent they cut.