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Patreon laying off 20% of staff

patreon.com

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Re: Patreon laying off 20% of staff

#2
What is it with companies doing mass-layoffs and stating no reasons whatsoever, in fact giving reasons why there's no need:

> Second, Patreon’s core business is healthy and strong, and we’re going to be a rock for creators for decades to come. Hundreds of thousands of creators rely on Patreon for their livelihoods, businesses, ...

> We’re reducing the size of our team by 20%, or ...

Re: Patreon laying off 20% of staff

#4
post #2

What is it with companies doing mass-layoffs and stating no reasons whatsoever, in fact giving reasons why there's no need: > Second, Patreon’s core business is healthy and strong, and we’re going to be a rock for creators for decades to come. Hundreds of thousands of creators rely on Patreon for their livelihoods, businesses, ... > We’re reducing the size of our team by 20%, or ...

Read between the lines. "This thing ain't getting bigger so everyone we needed to get it here but don't need to keep it going has to go." Like a game studio laying half the team off once the product ships.

Re: Patreon laying off 20% of staff

#6
post #2

What is it with companies doing mass-layoffs and stating no reasons whatsoever, in fact giving reasons why there's no need: > Second, Patreon’s core business is healthy and strong, and we’re going to be a rock for creators for decades to come. Hundreds of thousands of creators rely on Patreon for their livelihoods, businesses, ... > We’re reducing the size of our team by 20%, or ...

I think that they must teach in business school or something that you never, ever, EVER acknowledge or admit that things have ever or will ever go bad in your business.

I’ve worked for startups that will show massive customer churn, tell us that this is “actually a good thing”, do massive layoffs the next week because of the churn, and even while talking about the layoffs say that they’re stronger than ever.

I’ve been doing this long enough that I am mostly used to the gaslighting, and have just accepted that business people have neither the ability nor desire to ever be honest about anything.

Re: Patreon laying off 20% of staff

#8
post #2

What is it with companies doing mass-layoffs and stating no reasons whatsoever, in fact giving reasons why there's no need: > Second, Patreon’s core business is healthy and strong, and we’re going to be a rock for creators for decades to come. Hundreds of thousands of creators rely on Patreon for their livelihoods, businesses, ... > We’re reducing the size of our team by 20%, or ...

> At the same time, the market in which we operate has undergone profound change over the last 6 months.

I guess this is the "reason" but obviously they aren't elaborating. It's odd they picked "6 months" - what changed in "the market"?

Re: Patreon laying off 20% of staff

#9
post #2

What is it with companies doing mass-layoffs and stating no reasons whatsoever, in fact giving reasons why there's no need: > Second, Patreon’s core business is healthy and strong, and we’re going to be a rock for creators for decades to come. Hundreds of thousands of creators rely on Patreon for their livelihoods, businesses, ... > We’re reducing the size of our team by 20%, or ...

I assume it is legal reasons.
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