Patreon is laying off 20% of its staff. Read the memo its CEO sent to employees.

Patreon CEO Jack Conte. SXSW/Getty Images Patreon, a subscription platform, is laying off about 20% of its staff, according to the company. CEO Jack Conte said it needs to cut costs and flatten its org to remain "dependable" for creators. Read the memo Patreon sent to its staff about the layoffs and restructuring. Patreon, a platform for creators that paywalls their content, is laying off staff. In a publicly shared note addressed to Patreon's content creators, CEO Jack Conte announced that the creator-economy startup is laying off 93 employees, about 20% of its staff. Conte said in the memo to staffers that the "market in which we operate has undergone profound change over the last 6 months," and that the company needs to cut costs to "remain a stable, dependable rock for our creators." And yes, AI does play a role in it, Conte said.