posted in Technology
Patreon is laying off 20% of its staff. Read the memo its CEO sent to employees.
www.businessinsider.com/patreon-creator-economy-cuts-93-employees-layoffs-ai-memo-2026-7
Business InsiderPatreon is laying off 20% of its staff. Read the memo its CEO sent to employees.Patreon, which helps creators like YouTubers and podcasters make money, is laying off staff. The creator economy company said it needs to trim costs.
While that has to be tough to take for those impacted, I do appreciate that the CEO takes personal responsibility for the decision to fire people, and the severance package seems like it gives people a little breathing room. Keeping them on payroll until after their shares vest is a lot better than many companies would do.
I’m curious about what the big changes in their market over the last six months are though. People are still creating, and he talks about how much they’re routing to creators, so I assume it must be a new competitor starting to muscle in on their market.
Replying to @notabot@piefed.social
I’d bet on massive reduction in disposable income.
Patreon is based on the idea that most people have some amount of money, relatively small from own perspective, that they’re willing to give away in hopes of getting more content from their favorite creators.
Anecdotal evidence: 5 years ago I was spending about 100€ per month on Patreon. These days I’m down to 15€.
Now, I’m just one person, not necessarily representative of a trend. But I have a feeling it’s a trend.