I don't work at stripe, but in general after a big layoff there's still the same amount of work to be done but now you have less people to do it. It's not just the people that were laid off that are gone, but others will leave after the layoff occurs fearing more layoffs to come. Leading to even less people to do the work. It can become a downward spiral for those who are left.
At that point you really want to quit. At least until it gets to the point where the company is trying hard to keep employees That’s when they start handling out raises again
