Patreon is cutting off 17% of its employees and shutting offices

Patreon is cutting off 17% of its employees and shutting offices

Patreon is far from the only firm cutting off workers in response to economic and inflationary worries. Snap laid off around 20% of its workers earlier this month and scrapped its original series and other initiatives. This summer, Netflix, Wayfair, Rivian, Ford, Tesla, Shopify, Peloton, and a slew of cryptocurrency startups lay off hundreds, if not thousands, of employees.