728 x 90

Patreon lays off 20% of its employees as part of “painful” restructuring

Patreon lays off 20% of its employees as part of “painful” restructuring

Patreon, the creator-focused monetization platform, said Thursday it would lay off 20% of its employees as it changed how its internal structure works. The cuts will affect 93 Patreon employees, who will be given at least 16 weeks of severance pay. In a note to staff posted online, CEO Jack Conte said the company’s “core

Patreon, the creator-focused monetization platform, said Thursday it would lay off 20% of its employees as it changed how its internal structure works.

The cuts will affect 93 Patreon employees, who will be given at least 16 weeks of severance pay. In a note to staff posted online, CEO Jack Conte said the company’s “core business” remained “solid and consistent,” but that the platform had to respond to “profound” market changes this year that affected how Patreon navigates the creator economy.

“We need to adjust our cost structure to ensure we remain a stable and reliable rock for our creators as we work towards our long-term ambition,” he wrote. “The changes we are making today are painful, but they are necessary to ensure that Patreon can take the time necessary to address the issues mentioned above from a position of strength.”

A Patreon spokesperson did not respond to an immediate request for comment.

Patreon is home to a wide range of podcasts hosted by celebrities and entertainment creators, including those from Quentin Tarantino (who co-hosts “The Video Archives Podcast” with Roger Avary), Bret Easton Ellis, Jonathan Van Ness, Nikki Glaser, Robby Hoffman, Ts Madison, Recho Omondi, and Dan and Phil from the UK. In April, the company touted the $629 million in revenue its podcasters generated last year, a 33% year-over-year increase.

Internal changes include flattening the company’s org 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 didn’t discount the effect AI has had on how the company operates, specifically how Patreon builds products and how it communicates. Still, he said the AI ​​roles would not replace those laid off Thursday.

“Are No “We make the above changes because we believe AI replaces humans,” he wrote. “The more we’ve learned to use these new tools, the clearer it becomes that they are no substitute for the creativity, judgment, detail-orientation or craftsmanship that our teammates have in abundance, nor do they replace the desire for human connection that we all appreciate so deeply.”

The cuts are the largest to hit the platform since it laid off 80 employees, or about 17% of its staff, in 2022, when it also trimmed its creator partnerships team.

Check back often for more exciting news!

Posts Carousel

Latest Posts

Top Authors

Most Commented

Featured Videos