The only possible positive thing out of this cringy article is that the severance is decent (for a US company). 4 months of pay and healthcare coverage through Year end. Everything else could have just been a couple of sentences. Companies need to stop doing this melodrama every time they decide to fire people. Everyone knows the goal is to make money and keep a company profitable for their shareholders. Why these me…
Patreon laying off 20% of staff
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Re: Patreon laying off 20% of staff
#62The only possible positive thing out of this cringy article is that the severance is decent (for a US company). 4 months of pay and healthcare coverage through Year end. Everything else could have just been a couple of sentences. Companies need to stop doing this melodrama every time they decide to fire people. Everyone knows the goal is to make money and keep a company profitable for their shareholders. Why these me…
Morale. It’s important that the remaining employees are psychologically secure. They’re trying to make sure they know the company isn’t in jeopardy and that management has them in mind.
Some research supports this https://www.researchgate.net/publication/228120426_Survivors...
In my /opinion/ a personal address, one on one assurances from a trusted manager, this might be more effective, but HR also needs to be careful that the messaging is consistent so this kind of post is probably seen as the best alternative
Re: Patreon laying off 20% of staff
#63Earlier quoted context omitted.
I don't know (I don't browse Patreon but just back some creators individually) but what would be the issue about that? Patreon is a content distributor and payment router between fans and creators, I don't expect or want them to police what creators do with that service.
> I don't expect or want them to police what creators do with that service. Well, they do actually. They have a lot of restrictions on what 18+ content you can publish. Like you can't publish "real" porn, or that's how I interpret this at least: > Works depicting sexual activity between real, adult participants are not permitted. https://www.patreon.com/policy/guidelines#adult-works
Someone producing adult content within the boundaries of what the guidelines allow did pick the right provider, so I don't see a problem with them becoming a prominent creator on the platform.
I should have probably said I don't expect or want them to micromanage the prominence of creators on their platform that do act in accordance with their guidelines. If for some reason figurines became incredibly popular and someone would complain that Patreon is basically just a platform for figurine painters, so what?
Re: Patreon laying off 20% of staff
#64Bottom line: How do these layoffs increase the successful outcome of product launches on the platform in any way?
The negative metric is more important - if you can cut staff costs by 20% with only 5% reduction in revenue/innovation that’s a win from an investor’s perspective.
Re: Patreon laying off 20% of staff
#65What 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
#66The only possible positive thing out of this cringy article is that the severance is decent (for a US company). 4 months of pay and healthcare coverage through Year end. Everything else could have just been a couple of sentences. Companies need to stop doing this melodrama every time they decide to fire people. Everyone knows the goal is to make money and keep a company profitable for their shareholders. Why these me…
I do not understand why I’m supposed to care.
Re: Patreon laying off 20% of staff
#67Patreon just does this every few years. At least Jack Conte didn’t post a video of himself crying about it this time.
Kind of tone deaf of him to post a somber layoff message below his open-mouth laugh-smiling profile picture.
Re: Patreon laying off 20% of staff
#68The rich get richer and the poor get more AI edited and toned condolence posting.
That close out is brutal, "to our teammates who are leaving". Real "Oh no! So sorry to see you go totally by your own choice" vibes. The business is "solid", but is it not profitable? Who is cashing in on cutting these jobs? Which exec is losing their job for overhiring?
If a company is genuinely losing money and needs to boost it's profitability surely the easiest place to cut costs is the top where the lowest ROI positions are.
Always goes back to that story from Nintendo when the Wii U went pear-shaped on release, Satoru Iwata and many other executives all took substantial pay cuts to keep the company healthy without demolishing their own ranks. Be nice to see an American company do that just one time, as a treat.
Re: Patreon laying off 20% of staff
#69> A $1,500 stipend to replace your company laptop. It seems like a wild choice to give a specific figure as additional cash rather than just letting them keep their (wiped) laptop. That additional cash will be taxed (as should a laptop that is left with the ex-employee, but the used laptop can be valued and taxed as a used laptop rather than a $1500 cash payment [and frankly would often be, um, overlooked...). It see…
I mean, I wouldn't want to have to bulk-purchase a large number of well-spec'ed laptops in this market. But you aren't wrong.
Re: Patreon laying off 20% of staff
#70The only possible positive thing out of this cringy article is that the severance is decent (for a US company). 4 months of pay and healthcare coverage through Year end. Everything else could have just been a couple of sentences. Companies need to stop doing this melodrama every time they decide to fire people. Everyone knows the goal is to make money and keep a company profitable for their shareholders. Why these me…
This case is clearly AI enabled “right sizing”, and it is inevitable for companies that aren’t seeing explosive growth. It seems like they are handing it well, better than most. Good for them.