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Patreon Lays off 17% of Staff

blog.patreon.com

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Re: Patreon Lays off 17% of Staff

#141

Earlier quoted context omitted.

Who are those competitors? The subject company is tho only one I know of like this. But I am not really active in the creative space so I'm ignorant.

Youtube and Facebook both offer monthly subscription plans for creators.

Which hardly anyone seems to use, at least for YouTube. I watch too much YouTube for my own good, and I can't remember the last time someone encouraged viewers to donate money on a recurring basis via any company except Patreon.

Re: Patreon Lays off 17% of Staff

#142
post #94

Earlier quoted context omitted.

This is pure negativity and not true. Hiring might slow down because of seasonality overall, but I was hired the last two times end of year. It's a great time to get new employees ramped up when things are slower. A polite reminder that some companies are growing really fast and are even struggling with hiring.

Just wanted to throw in my $0.02 here as well. I've been hired in November/December twice in my career without issue.

I got hired in November, for a job I held for almost 27 years.

Re: Patreon Lays off 17% of Staff

#144

Earlier quoted context omitted.

That would be meaningless virtue signaling. Standard corporate speak.

What would non-“meaningless virtue signaling” look like to you? This seems quite decent as far as these things go.

"I am responsible for overhiring/mismanaging, I'm sorry."

Re: Patreon Lays off 17% of Staff

#145

Earlier quoted context omitted.

It takes a LOT of work to "earn a living off your looks" Ignoring the time spent setting up shoots, editing, engagement, etc, and focusing just on "looks", you have to spend a lot of time on working out, make up, shaving, putting together outfits, etc. If you think that looking good is something that doesn't take any hard work, it's because you've never tried to put in that work yourself.

Anything you do to make yourself look good has only incremental effect; you must already have a "good" foundation (genetics, race, etc.) An African American woman, for example, has almost zero chance of making it to the top 10 p$rnstars list, no matter how much she put effort and time to prepare herself. Some things are just the realities of the world. Thinking otherwise makes you delusional.

What are you responding to? (I feel like I'm asking this a lot here.) The comment to which you're apparently responding was only saying that it takes a lot of work to make a living off of your looks; they were silent on whether you need to have good genetics, the correct skin color, or anything else.

Re: Patreon Lays off 17% of Staff

#147
post #93

Every SV company: 1. Start a company that does a thing well 2. Hire enough people to do the thing well 3. For some reason, hire more and more people to do more and more random things 4. Hire more managers who hire even more people 5. You are now a complicated mess and can't get anything done 6. Run out of money 7. Fire people and write a sad post. Continue to collect hefty CEO salary. Why not just stop at 2?

Because a startup isn’t about growing sustainable. It’s about build an expensive rocket ship and trying to grow at record speeds. Most companies will fail but a select few will have 10x+ gains.

You don’t need VC cash to start a successful company but the time horizon is much longer.

Re: Patreon Lays off 17% of Staff

#148
It's a fine message and generous severance, but people need to wake up to the reality that companies don't really care about them when making plans for the future. Was it really so hard to predict a minor ~15% downturn after a period of lavish, extraordinary exuberance? Conservative, controlled, measured headcount growth is just not a consideration, as we've seen time and time again.

Re: Patreon Lays off 17% of Staff

#149

Earlier quoted context omitted.

Nobody looks like they are going to lose their livelihood over this: https://blog.patreon.com/a-note-from-jack 3 months' of pay + longer depending on tenure at the company. Healthcare until the end of the year. Mental care up to 6 months. They contracted a placement company to place the laid off staff to other companies in the sector. A lot of those people will already get hooked up by a company within a week or so,…

Mid-November through December is a hiring no-man's land due to the accumulation of end-of-year vacations and family trips. Most of these employees have about a month and a half before the shutdown begins and they are stuck scrambling to try to find work in the new year.

It's not going to be this hard. They will land on their feet in weeks, maybe days. Anyone recruiting is hard plugged into layoffs.fyi and while big company recruiting takes months, we (and my other friends in startups) can turn around the whole thing in 3 days if we have to.
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