Patreon Lays Off 20% of Employees as Part of ‘Painful’ Restructuring

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