CEO
"Today we will lay off 80 Patreon teammates from our Go-to-Market,
"Over the last 9 months, we have seen the tech industry -- and the whole economy -- change considerably. Many of you have asked me about layoffs at All Hands meetings as we have set out to tighten our focus, and I have said that layoffs would be a last resort. Today we are taking that step�" he added.
Conte mentioned that the pandemic introduced volatility to the broader trend, starting with a rapid acceleration during Covid lockdowns.
"In response, we built an operating plan to support this outsized growth, but as the world began recovering from the pandemic and enduring a broader economic slowdown, that plan is no longer the right path forward for Patreon," he said.
"I take full responsibility for choosing that original path forward, and for the changes today, which will be very difficult for our team," he added.
The company is also planning to restructure its marketing efforts under a smaller, consolidated team in the near-term, focused on updating the brand, developing creator resources, and launching new products.
It will also restructure its Creator Partnerships efforts to take a more scaled approach with a smaller, consolidated team in the US.
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