Patreon Layoffs

[Khamon]

[URL]https://www.theverge.com/2020/4/21/21230290/patreon-laid-off-layoffs-13-percent-staff-workforce [/url]

They have 50,000 new artists onboard but are having to lay off thirty staff members because the patrons are canceling due to currently earning lower or no income. It's sad that online platforms are available for artists to earn money during the crisis but fans can't afford to fund them anyway. The damage of not being able to gather is far reaching.

 

[Aribeth Zelin]

[URL]https://www.theverge.com/2020/4/21/21230290/patreon-laid-off-layoffs-13-percent-staff-workforce [/url]

They have 50,000 new artists onboard but are having to lay off thirty staff members because the patrons are canceling due to currently earning lower or no income. It's sad that online platforms are available for artists to earn money during the crisis but fans can't afford to fund them anyway. The damage of not being able to gather is far reaching.

This is why I'm not trying to put my art out there, because more important things for too many folks, and I don't -need- to sell things.

 

[PeterMorgan]

Patreon laid off 30 employees, or 13 percent of its staff, due to economic hardship caused by the COVID-19 pandemic. This news I remember. "It's unclear how long this economic uncertainty will last, and so to prepare accordingly, we made the difficult decision to part with 13 percent of Patreon's workforce," said a Patreon representative at the time. I remember downloading a couple of cool p2p apps at the time and sitting in them quite a bit. And the news popped up on my smartphone at the time about these layoffs, and I thought at the time. If they're having problems because of the pandemic, what can we say about the rest of the world, where there are much bigger problems.

 

[Beebo Brink]

Patreon laid off 30 employees, or 13 percent of its staff, due to economic hardship caused by the COVID-19 pandemic.

This article is two years old. Any useful updates to offer?

 

[Essence Lumin]

This article is two years old. Any useful updates to offer?

Three posts, all meaningless garbage.

 

[Khamon]

Patreon laid off another thirty-six people April of last year despite raising $155M in a recent funding campaign. They also changed their mechanism to allow artist a higher percentage of income than most other content hosting agencies. A public offering has been discussed but has not been forthcoming. PeterMorgan seems more bot-like than personable. END OF LINE

 

[Free]

This article is two years old. Any useful updates to offer?

Canned ham detector is getting close to the red.


FUTURE EDIT: Nope, gone way into the red now...

 

[Veritable Quandry]

Canned ham detector is getting close to the red.

Maybe they just got so depressed about learning of their layoff from Patreon when they recovered the data from their iPhone that they are doing some binge shopping to feel better?

 

[Jopsy Pendragon]

Given the hype around NFT's, it doesn't seem like much of a stretch to imagine that some artists are switching to a 'sell it once for more' model instead of crowd subscriber income.

 

[GoblinCampFollower]

Given the hype around NFT's, it doesn't seem like much of a stretch to imagine that some artists are switching to a 'sell it once for more' model instead of crowd subscriber income.

...really think many would do that? I doubt that is more profitable than crowd funding. I see people making fun of NFT's a lot more than advocating for them. All of the artists and developers I follow have scorned them.

 

[Noodles]

Are NFTs still a thing? It seemed like everyone was super hype for like two weeks, everyone made fun of it, then nothing.

 

[Free]

Are NFTs still a thing?

Has to be, since the first page of results on a Google news search of NTFs only has one link that's over a day old.

 

[Clara D.]

Three posts, all meaningless garbage.

And one with a spam link.

 

[Khamon]

SHUT.THE.FRONT.DOOR1

 

[Jopsy Pendragon]

...really think many would do that? I doubt that is more profitable than crowd funding. I see people making fun of NFT's a lot more than advocating for them. All of the artists and developers I follow have scorned them.

As they should. The whole notion is absurd.

But being a creative type doesn't automatically mean a person has good business sense. I've no doubt that there's some out there shrewdly trying to scam gullible marks by selling their knock-offs as NFTs... and perhaps enough gullible marks to keep them fishing or bites.

I mean seriously, even telemarketers keep trying, and their success ratio has got to be pretty dismal, right?

 

[Aribeth Zelin]

As they should. The whole notion is absurd.

But being a creative type doesn't automatically mean a person has good business sense. I've no doubt that there's some out there shrewdly trying to scam gullible marks by selling their knock-offs as NFTs... and perhaps enough gullible marks to keep them fishing or bites.

I mean seriously, even telemarketers keep trying, and their success ratio has got to be pretty dismal, right?

Honestly, in my experience, most creatives have negative talent in business [myself included].

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Also, as I understand it, NFTs aren't really a one and done, because the art is just a reciept [not that I understand NFTs, but apparently, its sort of like selling a unique custom item in SL - you still have the actual original files, and the intellectual rights, and can just modify it ans sell it again.

 

[Noodles]

Honestly, in my experience, most creatives have negative talent in business [myself included].

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This seems absolutely true. Most creatives just want to create and want the need to deal with business to fuck right off.