Industry

Patreon Lays Off 20% of Staff as Superfan Subscriptions Take a Dive Amid Economic Uncertainty

Patreon sent a “painful” memo to staff regarding the layoff of 20% of its workforce, or about 93 people, as the platform responds to market changes. Patreon CEO Jack Conte sent a memo to employees on Thursday announcing the layoff of 20% of its workforce, affecting 93 employees.

Digital Music News 22h ago

Looks Like ‘The Team’ Acquisition is Drawing Near

Casey Wasserman is in talks to sell his stake in the company to private equity firm Providence Equity Partners, which already owns a majority stake. The Team, the talent agency formerly known as Wasserman, which renamed itself after its founder Casey Wasserman was forced to step down amid the...

Digital Music News 1d ago

Patreon lays off 20% of staff despite ‘healthy and strong’ business

Membership platform Patreon is shedding 20% of its workforce in a new round of layoffs. 93 people will be losing their jobs as part of the cuts, which were confirmed by CEO Jack Conte in a blog post.

Music Ally 1d ago