Fintech leader Stripe is set to lay off 300 employees primarily in product, engineering, and operations, as revealed in a leaked memo. Despite these cuts, Chief People Officer Rob McIntosh stated that Stripe aims to increase its workforce by 17% to approximately 10,000 by year-end. This move follows a previous layoff of 1,120 staff in November 2022. Stripe is adjusting its team structure to ensure efficiency and effectiveness in executing its growth plans. The company, valued at $70 billion, continues to explore funding avenues while delaying its IPO.