80 / .17 = 470 employees. How does Patreon need this many employees? It really doesn't seem like that much of an operation.
I would guess >300 of those employees aren't working on the core product.
Patreon Lays off 17% of Staff
191–200 of 456 posts
Re: Patreon Lays off 17% of Staff
#192Earlier quoted context omitted.
I agree. Tech companies should never really break off with former employees. Any former employee is a future potential employee that you can re-recruit when the time comes. Also, talent is difficult to find. Which makes people the center. Whatever you build, you will build it with people. So you need people. Be them new employees, be them former employees.
> Any former employee is a future potential employee that you can re-recruit when the time comes Not only that, all former employees are de-facto "background check references" / "evagenlists" / "detractors" of your company. Forever! (well, not exactly forever... but close enough) I can't recall a single year over the last 10 years where younger engineers, cousins, nephews or friends have asked me about the 2 companie…
>friends have asked me
Is this supposed to be haven't?
Re: Patreon Lays off 17% of Staff
#193Earlier quoted context omitted.
What large company is beating the 5 person competitor in their industry?
Most of them? Can you give an example of a 5 person competitor competing with a large company? And of those, how many of them can only do that because they're outsourcing most of their needs to some other company people regularly complain is bloated?
Craigslist has 50 employees, which is closer to 5 than 500.
Re: Patreon Lays off 17% of Staff
#194[deleted]
Re: Patreon Lays off 17% of Staff
#195It’s weird these companies grow this big. How many software engineers do you need to monthly bill a list of people and transfer it to a different list? That’s like a single person saas.
If I had a nickle for every time someone on HN claims that a sizable company could be replaced by 1-5 devs, I'd have enough money to start a competitor to most of them that did it better with more devs/staff, as evidenced by the general lack of 1 person saas companies out there that solve more than a very niche problem.
The layoffs prove them right though no? Plenty of companies seem to have had layoffs without loss of profits
Re: Patreon Lays off 17% of Staff
#196Earlier quoted context omitted.
Not being in the know, what are the serious competitors to Patreon? Utreon? Buy Me a Coffee? Youtube itself?
Apple and Spotify doing podcast subscriptions maybe?
As a new user of Patreon (literally this week is the first time I've used it) I finally signed up because a content creator is posting their videos to Patreon a day early. Youtube could solve that problem.
Does anyone have any other examples of what Patreon does for them?
Re: Patreon Lays off 17% of Staff
#197Earlier quoted context omitted.
They say there's 3 months of pay, healthcare, mental care until the end of the year too. And they contracted a placement company to hook people up with new jobs.
Some of this is because of the WARN Act in California [0], which requires 60-day notice before any mass layoff. Employers can also fulfill the requirements of this mandate by letting employees go now but having their actual termination date 60+ days in advance. I've been survived a few layoffs that work this way. Good for Patreon to go beyond the 60-day mandated period though [0] https://edd.ca.gov/en/Jobs_and_Traini…
WARN Act is federal law not CA Law. I highlight this because there is a belief that only CA has employment protections laws, and while CA does have more of these; other parts of the US also have employment protection laws often times not really that much different than CA
Re: Patreon Lays off 17% of Staff
#198This bit from the employee announcement about how they're handling equity vesting [1] is worth highlighting as a pretty classy move, all things considered: > We’re waiving the one-year equity vesting cliff for all departing employees so that everyone has an opportunity to be a shareholder, regardless of your tenure. [...] All departing teammates will qualify for an extended option exercise period of 5 years, and we h…
Indeed classy. The 1-year cliff waiver should standard operating procedure during layoffs.
Re: Patreon Lays off 17% of Staff
#199No post body was provided.
Re: Patreon Lays off 17% of Staff
#200A blog post was done other than Instagram: https://blog.patreon.com/a-note-from-jack "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" So basically, they overhired to meet demands during Pandemic and now as less people are using the platform (??), there is no need for the 17% of people. Interesting.
Ok, we've changed the URL to that from https://www.instagram.com/p/CidAMM7pQ7u/. Thanks!