The online payment processor, Stripe, is going to lay off more than 1,000 employees due to a worsening economy. The cuts will primarily hit the recruitment department, as hiring will slow next year.
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Facing a massive increase in mobile payments and consumer demand for real-time processing, these systems are struggling to keep up with time-sensitive, high-volume data. Learn more today.
Stripe, the payments processing company, is now valued at $95 billion following its latest funding round where it raised $600 million. It will use the money raised to expand its Dublin operations.
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