patreon is laying off 80 employees, closing offices in europe

Patreon is laying off yet another batch of its employees.

The popular creator subscription company has recently announced it is laying off 17% of its workforce while closing its offices in two European countries due to unsustainable growth following the easing of COVID-19 restrictions.

Patreon’s recent layoffs follow its confirmation that it is dismissing five employees from its security team, though there are reports saying that the company decided to release everyone from it.

Patreon Lay-Off Details

Patreon CEO and co-founder Jack Conte mentioned in the layoffs announcement that the company has decided to lay off 80 of its employees from its Go-to-Market, Operations, Finance, and People teams.

This amount means the company is letting go of around 17% of its workforce.

As a result of these layoffs, the company has decided to close its Dublin and Berlin offices, with Conte explaining that the company decided to close these offices to streamline where Patreon’s resources go.

In the case of the Dublin office, Patreon wants to consolidate its engineering team to improve their collaboration and efficiency, as nearly all of them are located in its US offices.

Meanwhile, Patreon decided to close its Berlin office to adopt a more scaled approach to helping creators abroad, meaning that its US-based teams will soon support multiple regions.

Patreon has a good reason to close its Berlin office – it is exclusively focused on Sales and Marketing, which is an area Patreon has reduced its budget to shift its resources toward its products.

Why Is Patreon Laying Off Employees?

The Verge reports that Patreon decided to initiate the layoffs due to it changing its plans following its rapid growth during the initial onset of the COVID-19 pandemic.

Tech Crunch previously reported in late December 2021 that Patreon’s chief product officer, Julian Gutman, is planning to double in size by the end of 2022 thanks to its rapid growth and the $155 million it raised from venture funding.

To streamline its spending, Patreon decided to reduce the size of its teams in charge of “operations, recruiting, and other internal support functions,” including Sales and Marketing.

This list may have included the company’s security team as it also laid off five security team members on Sept. 9, per Emily Metcalfe’s LinkedIn post.

Metcalfe is Patreon’s now former senior security engineer who only stayed at the company for ten months since her first day in Nov. 2021.

Patreon eventually confirmed the layoffs of its security team members, with its US policy head Ellen Satterwhite confirming it in a statement to Tech Crunch.

Though Satterwhite did not mention if Patreon did let go of its own security team or how many members the team has, it did reveal that the company is working with external organizations to “develop our security capabilities and conduct regular security assessments.”

Conte mentioned in his recent announcement that the layoffs for its security team were part of a longer-term strategy to continue distributing security responsibilities to its engineering team. It would also allow Patreon to bring in “new areas of expertise into Patreon internally, and continue partnering with external experts.”

Keyword: Patreon is Laying Off 80 Employees, Closing Offices in Europe

TECH'S NEWS RELATED

Man City vs. Man United Livestream: How to Watch Premier League Soccer From Anywhere

Looking to catch the Manchester derby? Here's everything you need to watch Sunday's Premier League game.

View more: Man City vs. Man United Livestream: How to Watch Premier League Soccer From Anywhere

Dimensity 9000+ beats all Snapdragon processors on AnTuTu

AnTuTu most powerful smartphones: Dimensity 9000+ beats all Snapdragon 8+ Gen 1 smartphones Gizchina News of the week AnTuTu has today published the list of the most powerful Android smartphones for September in China. The Dimensity 9000+ SoC outperformed all Snapdragon processors and topped the ranking. So, according to ...

View more: Dimensity 9000+ beats all Snapdragon processors on AnTuTu

Chinese billionaire Richard Liu settles civil suit over alleged rape in US a day before the JD.com founder was to face trial

Chinese tech billionaire Richard Liu Qiangdong has reached a settlement with former University of Minnesota student Liu Jingyao, who accused the JD.com founder of rape in 2018, a day before a jury trial was to start in Hennepin County District Court in the state of Minnesota. “The incident between ...

View more: Chinese billionaire Richard Liu settles civil suit over alleged rape in US a day before the JD.com founder was to face trial

JD.com Founder Richard Liu Settles Rape Allegation Ahead of Trial

The 2018 Rape Case Allegation JD.com After the Incident Richard Liu, the founder of the JD.com e-commerce company, arranged a settlement with Liu Jingyao, the Minnesota college student who accused the Chinese billionaire of rape back in 2018. The settlement happened less than 48 hours before the scheduled US ...

View more: JD.com Founder Richard Liu Settles Rape Allegation Ahead of Trial

Nobel season is here: 5 things to know about the prizes

A national library employee shows the gold Nobel Prize medal awarded to the late novelist Gabriel Garcia Marquez, in Bogota, Colombia. The beginning of October means Nobel Prize season. That is when committees in Stockholm and Oslo announce the winners of what many consider the most prestigious awards in ...

View more: Nobel season is here: 5 things to know about the prizes

Tesla robot walks, waves, but doesn't show off complex tasks

Tesla Motors, Inc. CEO Elon Musk speaks at the Paris Pantheon Sorbonne University as part of the COP21, United Nations Climate Change Conference in Paris on Dec. 2, 2015. An early prototype of Tesla Inc.’s proposed Optimus humanoid robot slowly and awkwardly walked onto a stage, turned, and waved ...

View more: Tesla robot walks, waves, but doesn't show off complex tasks

Firefly Aerospace reaches orbit with new Alpha rocket

A new aerospace company reached orbit with its second rocket launch and deployed multiple small satellites on Saturday. Firefly Aerospace’s Alpha rocket lifted off from Vandenberg Space Force Base, California, in early morning darkness and arced over the Pacific. “100% mission success,” Firefly tweeted later. A day earlier, an attempt ...

View more: Firefly Aerospace reaches orbit with new Alpha rocket

Powerful earthquake shakes Indonesia's Sumatra, kills 1

Credit: Pixabay/CC0 Public Domain A strong and shallow earthquake shook Indonesia’s Sumatra island on Saturday, killing a resident, injuring 11 and damaging more than a a dozen houses and buildings, police said. The magnitude 5.9 earthquake struck about 40 kilometers (24.8 miles) northeast of Sibolga, a coastal city in ...

View more: Powerful earthquake shakes Indonesia's Sumatra, kills 1

Behind C919: China's path to first self-developed large passenger aircraft

iPhone 14 Pro has the best selfie camera on a smartphone, according to DxOMark

MediaTek, Invendis join hands for 5G, Wi-Fi router solutions

Google Pixel 7, Pixel 7 Pro pre-orders in India kicks off on October 6

China's Shenzhou-13 taikonauts to conduct second spacewalk on Sunday

Exclusive interview: China's C919 features safety, comfort, efficiency

Samsung launches Galaxy Z Flip 4 in blue in India

Hong Kong start-up archiREEF wants to commercialise 3D-printed tiles, restore corals around the world

India launches 5G services at last

iPhone 6 added to list of vintage products by Apple

People still don't know what metaverse is all about: Tim Cook

Australian government slams Optus for cybersecurity breach

OTHER TECH NEWS

;