Live data from Hacker News

Patreon Lays off 17% of Staff

blog.patreon.com

361–370 of 456 posts

Re: Patreon Lays off 17% of Staff

#362
post #26

Earlier quoted context omitted.

You can't have your stock down 60% YoY (META) without consequence. There is a whole lot of fat at both of these companies (and really all large firms that never had any bad quarters) and a reckoning has to happen

Mark is completely unaccountable to investors. He can do whatever he wants as long as he has good faith reason to believe it will benefit shareholders.

This is confusing to read. Shareholders are investors.

Re: Patreon Lays off 17% of Staff

#363

Earlier quoted context omitted.

There is a time-honored path that this choice to ban NSFW stuff is part of. 1. Make a way for people to get paid over the Internet for making stuff. 2. Be okay with horny stuff, possibly as an explicit choice in the beginning, possibly as a pivot when people who make horny stuff start shifting a lot of money through the pipeline you're providing. 3. Get big enough for Visa/Mastercard/Apple/Google to notice that you s…

Despite all my anti-crypto ideals and principles, this feels like a potential use case. If I have to make an ethereum wallet to get all my niche furry porn, so be it.

It does, doesn't it. But it's been almost fourteen years since Bitcoin hit the world and it's never become a major way to pay for porn, despite everyone who makes porn knowing damn well that this keeps happening. Sex.com was making millions a mere five or so years after the WWW made it out of CERN.

Re: Patreon Lays off 17% of Staff

#364

Earlier quoted context omitted.

It means ‘there are layoffs because of poor management decisions and it isn’t your fault if you’re being laid off and it isn’t your fault if you feel you pushed the company towards these management decisions that ultimately led to your colleagues being laid off’.

That is like the killer admitting to killing someone and it was their fault but they don't want to deal any jail time.

I don't know if it this is the case here but I have seen real power struggles with the boardroom (and the then-CEO departing because the board says so). I was "fun" knowing that the company imploded pretty much after that because they removed the golden eggs from the company.

Re: Patreon Lays off 17% of Staff

#365

Earlier quoted context omitted.

Have they outperformed Zoom and Teams? That feels like a stretch, even if I prefer Discord to either of them Plus, they had a small team, but I met most of them back in the Hammer and Chisel days and they were already a 20 person team at that point at least. I'm not at all trying to say you can't have a good product with a small company. It's the incessant "I could do this myself in a month. I won't actually do it, b…

>Have they outperformed Zoom and Teams? That feels like a stretch, even if I prefer Discord to either of them Better product

I don't disagree with you, but Zoom is also providing a pretty different service, and Teams provides a lot of enterprise level stuff that Discord doesn't. Discord is better for us perhaps, but it's definitely doing worse as a matter of revenue.

Re: Patreon Lays off 17% of Staff

#366
post #358

Earlier quoted context omitted.

>I take full responsibility for choosing that original path forward, and for the resulting changes today, which will be so difficult for our team. What does "take full responsibility" mean? Is he laying himself off instead of the employees? Is he paying the employees he's laying off out of his pocket? Is he resigning so this doesn't happen again? I'm confused how you can just say "I take full responsibility" without…

Do you expect him to commit seppuku in the town square or something?

That is the equivalent of resigning first[firing yourself] before you do to that to others?

Re: Patreon Lays off 17% of Staff

#367

Earlier quoted context omitted.

>I take full responsibility for choosing that original path forward, and for the resulting changes today, which will be so difficult for our team. What does "take full responsibility" mean? Is he laying himself off instead of the employees? Is he paying the employees he's laying off out of his pocket? Is he resigning so this doesn't happen again? I'm confused how you can just say "I take full responsibility" without…

Perhaps you're unfamiliar with the expression, but usually when English speakers say they "take full responsibility" for a tragedy or unfortunate occurrence, they mean from a moral and blame-based standpoint, it's rarely related to the finances of those affected. The laid off employees are the ones ultimately worse off by the outcome, that goes without saying, what you're missing is that this is different from being…

>>it's rarely related to the finances of those affected.

Some of You May Die, but that is a Sacrifice I'm Willing to Make

Re: Patreon Lays off 17% of Staff

#368
post #366
post #358

Earlier quoted context omitted.

Do you expect him to commit seppuku in the town square or something?

That is the equivalent of resigning first[firing yourself] before you do to that to others?

What does him resigning achieve? Everyone still gets laid off. The board hires another CEO. Maybe they're better, maybe they're worse. Maybe they save a little bit of money. Nobody who was laid off today gets their job back.

The knee-jerk "oh yeah you should quit if you feel bad!!1" reaction is ill-informed and boring, but unfortunately very predictable.

Re: Patreon Lays off 17% of Staff

#369
post #222

Patreon could have eaten OnlyFans' cake so easily, instead they seem to be struggling like everyone thought they would when they banned NSFW content in 2017. I don't understand why they thought that move would benefit them. I don't understand how Jack Conte is still CEO after such a stupid change or how he can say with a straight face that he's "taking responsibility".

There is a time-honored path that this choice to ban NSFW stuff is part of. 1. Make a way for people to get paid over the Internet for making stuff. 2. Be okay with horny stuff, possibly as an explicit choice in the beginning, possibly as a pivot when people who make horny stuff start shifting a lot of money through the pipeline you're providing. 3. Get big enough for Visa/Mastercard/Apple/Google to notice that you s…

Spinning up a separate branch with slightly different branding is probably easier than a different organization setting up shop and re-implementing from scratch.

From your post, you make it seem like OnlyFans cannot possibly exist. It does, and therefore Patreon could have built it.

Re: Patreon Lays off 17% of Staff

#370

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.

Not sure why you are downvoted for speaking truth. I know as a manager I rarely brought on new hires during this period if I had a choice.
Post reply on HN