Patreon Cuts 20% of Staff Amid Cost Structure Overhaul

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Patreon has announced a layoff affecting 20% of its workforce, according to an internal memo shared publicly by the company. CEO Jack Conte stated that Patreon's core business remains strong despite the cuts. The decision was framed as a necessary response to shifting market conditions. The company said the restructuring is aimed at adjusting its cost base to ensure long-term stability.

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