4 hours ago
- Patreon is reducing its workforce by 20%, affecting 93 teammates, in a painful decision made by the CEO.
- The company’s core business remains healthy and strong, with over 300,000 creators and steady growth in earnings and members.
- The layoff is driven by the need to adjust cost structure due to profound market changes over the past six months, not by AI replacement of humans.
- Organizational changes include flattening the structure, refocusing teams on core priorities, and increasing agility to adapt to AI-driven industry shifts.
- Departing employees receive a severance package with 16 weeks of pay, healthcare through year-end, and a $1,500 laptop stipend.
- Patreon’s strategy and roadmap remain unchanged, continuing to ship new features and improve core experiences.