For those of you leaving: we’re very sorry to be taking this step and John and I are fully responsible for the decisions leading up to it.We are facing stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding.We have always taken pride in being a capital efficient business and we think this attribute is important to preserve.Most importantly, while this is definitely not the separation we would have wanted or imagined when we were making hiring decisions, we want everyone that is leaving to know that we care about you as former colleagues and appreciate everything you’ve done for Stripe.In our view, we made two very consequential mistakes, and we want to highlight them here since they’re important: We were much too optimistic about the internet economy’s near-term growth in 2022 and 2023 and underestimated both the likelihood and impact of a broader slowdown."