Patreon lays off 80 employees, or about 17% of its staff, and closes its offices in Dublin and Berlin; the company raised $155M in April 2021 at a $4B valuation
The creator subscription company Patreon is the latest company to be affected by a long line of tech layoffs.
TechCrunch Amanda Silberling
Related Coverage
- A note from Jack — patreon … Hi team - I have some difficult news. Patreon Blog
- Job candidates are hiring people to do their interviews for them. We explain how the tactic, bait-and-switch fraud, works. Insider
- Patreon Cuts 17% of Staff and Closes Offices in Dublin, Berlin Bloomberg · Priya Anand
- Patreon is laying off 17 percent of its workforce and closing offices / Around a week after it laid off its security team The Verge · Mitchell Clark
- Patreon closes Dublin office as it lays off staff Silicon Republic · Blathnaid O'Dea
- Patreon Lays Off 17% of Staff, Closes Two Offices in Europe Wall Street Journal · Joseph De Avila
- San Francisco tech unicorn Patreon lays off nearly 20% of staff SFGATE · Joshua Bote
- Patreon lays of 80 people, closes Dublin and Berlin offices San Francisco Business Journal · William Hicks
- Patreon Shuts 2 EU Offices, Cuts 17% of Staff PYMNTS.com
- Patreon lays off 17 percent of its employees Engadget · Kris Holt
- Patreon Enacts Layoffs, Cutting 17% of Staff Gizmodo · Lauren Leffer
- Patreon Cuts 80 Jobs, Shuts Down 2 Offices, Days After Dropping Security Team International Business Times · Marvie Basilan
Discussion
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@briannekimmel
Bri Kimmel
on x
An important point on the current state of the creator economy: “The pandemic introduced volatility to the broader trend, starting with a rapid acceleration during COVID lockdowns” Now that the world is opening back up that's changed https://blog.patreon.com/...
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@todexshark
@todexshark
on x
More layoffs at patreon, eh? https://blog.patreon.com/... I'll summarize this: We are investing into the future of Patreon by firing people! Last week security team, this week 17% of all employees. They're currently valued at 4 billion $ so it's not like they're poor. 🤔
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@ericajoy
Erica Joy
on x
patreon is just outright closing their dublin office in this round of layoffs. 🫤 https://blog.patreon.com/...
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@nixcraft
@nixcraft
on x
Patreon Lays off 17% of Staff https://blog.patreon.com/... They also let go their security team last week. Also, *rumours* are making rounds about Meta and Google layoffs coming soon. Tech is in meltdown ahead, I guess.
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@zorinlynx
@zorinlynx
on x
This has me concerned. If Patreon goes down, a lot of great artists will lose a big source of income. Despite them being a badly run company, you can't just “boycott” them because you're them depriving artists of support. It's a sticky situation. https://twitter.com/...
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@campuscodi
Catalin Cimpanu
on x
Last week's rumors that Patreon has let go of its security team was part of larger layoffs. Patreon's CEO said they laid off 80 people, or about 17% of its entire staff: https://blog.patreon.com/... https://twitter.com/...