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Stripe Offers Employees $20,000 to Relocate

By Kate Clark
· · Source: Bloomberg

Payments company Stripe plans to offer a $20,000 bonus to employees willing to relocate from San Francisco, Seattle or New York City by the end of the year. The catch? They must also accept a salary reduction of up to 10%, Bloomberg reports . Stripe, which is headquartered in San Francisco and employs roughly 3,000 people, didn’t respond to a request for comment. Other Silicon Valley tech...

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Kevin Hartz, backer of the SPAC called One, which announced a merger today. Photo by Bloomberg.
Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
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By Juro Osawa · Feb. 24, 2021
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By Jessica Toonkel · Feb. 24, 2021
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