Cutting back on pandemic growth.
The company says it’s changing direction.Patreon is laying off 80 people, around 17 percent of its workforce, and closing offices in Dublin and Berlin. Asays that the cuts are happening because the company is changing its plans after trying to rapidly grow during the pandemic. It’s reducing the size of its teams in charge of “operations, recruiting, and other internal support functions” as well as its budget for sales and marketing.
The layoffs are hitting Patreon’s go-to-market, operations, finance, and people teams. Workers in the US will receive three months’ severance pay as well as two extra weeks per half year of tenure they have beyond their first year at the company. European workers get a similar deal, with three months of healthcare coverage, whereas Americans will get COBRA through the end of 2022. Conte says he’ll be hosting “multiple Q&A sessions” to address the decision.
Patreon is far from the only company laying off employees amid concerns about the economy and rising inflation. Earlier this month, Snap
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