Patreon is laying off 17 percent of its workforce and closing offices

The company is closing offices in Dublin and Berlin and laying off 80 employees. The company is changing its plans after trying to grow fast during the Pandemic, according to a post from the CEO. The budget for sales and marketing is being reduced as well as the size of its teams.

Operations, finance, and people teams are being laid off. Two extra weeks per half year of tenure will be given to workers in the US, as well as three months of severance pay. Europeans get three months of healthcare coverage, whereas Americans will have to wait until the end of the year to get it. The decision will be addressed by a number of Q&A sessions.

Companies laid off employees during the Pandemic.

Nine engineers in Ireland will be given the option to relocate to the US as a result of the closing of two European offices.

Last week, Patreon laid off its five person security team. Ellen Satterwhite, the company's US policy head, said at the time that the change wouldn't affect the company's ability to provide a secure and safe platform for creators and patrons. In his Tuesday post, he said that the previous layoffs were part of a longer-term strategy to continue distributing security responsibilities. He said that the new approach will increase how much the company invests in keeping the platform safe.

There are many companies laying off employees due to concerns about the economy and inflation. The company cut 20 percent of its workforce earlier this month. Hundreds and even thousands of people have been laid off by a number of companies this summer.