Companies

Stripe clawed back pension contributions after staff cuts

Collison brothers’ ecommerce unicorn continues to cut value of shares in face of tech sector shrinkage

Patrick and John Collison, founders, Stripe: the online payments company is understood to have clawed back pension contributions it made to staff that had been working with the company for less than two years

Stripe, the online payments company founded by John and Patrick Collison, clawed back pension contributions from some staff after it made them redundant in November last year, the Business Post can reveal.

The ecommerce giant, which is valued at an estimated $63 billion, is understood to have clawed back pension contributions it previously made to staff that had been working with the firm for less than two years when they were made redundant at the ...