Patreon is laying off 17 percent of its workforce and closing offices

In this photo illustration, a Patreon logo is seen on a smartphone in front of a larger Patreon logo on an orange background.
The corporate says it’s altering course. | Picture Illustration by Pavlo Gonchar/SOPA Photographs/LightRocket by way of Getty Photographs

Patreon is shedding 80 folks, round 17 p.c of its workforce, and shutting workplaces in Dublin and Berlin. A publish from CEO and co-founder Jack Conte says that the cuts are occurring as a result of the corporate is altering its plans after making an attempt to quickly develop through the pandemic. It’s lowering the scale of its groups in control of “operations, recruiting, and different inner help capabilities” in addition to its finances for gross sales and advertising and marketing.

The layoffs are hitting Patreon’s go-to-market, operations, finance, and folks groups. Employees within the US will obtain three months’ severance pay in addition to two additional weeks per half 12 months of tenure they’ve past their first 12 months on the firm. European employees get an analogous deal, with three months of…

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