Stripe lays off acquired TaxJar's employees

22 Aug 2022 , 09:58 AM

Several of the staff members supporting TaxJar, a tax compliance business that Stripe purchased last year, have been let go by the digital payments platform.

Stripe’s decision to wind down TaxJar-focused go-to-market operations in late July is what led to the layoffs that took place over the past month.

Additionally, the employment cut would affect between 45 and 55 people, some of whom were given the opportunity to apply for internal Stripe jobs for 30 days.

Matt Anderson, a co-founder of TaxJar, reportedly left Stripe in July, followed by members of the teams in charge of sales, marketing, and partnerships.