Patreon Lays Off 20% of Employees as Part of ‘Painful’ Restructuring
Patreon, the creator-focused monetization platform, said on Thursday it was laying off 20% of its employees as it changed how its internal structure...
Key points
- Patreon, the creator-focused monetization platform, said on Thursday it was laying off 20% of its employees as it changed how its internal structure operates.
- The cuts will affect 93 Patreon employees, who will be given at least 16 weeks of severance payments.
- In a note to staff posted online, CEO Jack Conte said the company’s “core business” remained “strong and consistent,” but the platform had to respond to “profound” market changes this year affecting how Patreon navigates the creator economy.
- “The changes we’re making today are painful, but they’re necessary to ensure that Patreon can take the time we need to address the above problems from a position of strength.” Popular on Variety A Patreon spokesperson did not respond to an immediate request for comment.
What happened
Patreon, the creator-focused monetization platform, said on Thursday it was laying off 20% of its employees as it changed how its internal structure operates. The cuts will affect 93 Patreon employees, who will be given at least 16 weeks of severance payments. In a note to staff posted online, CEO Jack Conte said the company’s “core business” remained “strong and consistent,” but the platform had to respond to “profound” market changes this year affecting how Patreon navigates the creator economy. “The changes we’re making today are painful, but they’re necessary to ensure that Patreon can take the time we need to address the above problems from a position of strength.” Popular on Variety A Patreon spokesperson did not respond to an immediate request for comment. The internal changes include flattening the company’s organizational chart and redirecting teams toward internal priorities, which Conte listed as “improving core creator and fan experiences” and “helping creators grow their audiences and businesses.” Conte did not discount the effect AI had on how the company operates, specifically in how Patreon builds products and how it communicates. “The more we have learned to use...
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