Patreon, the platform that allows content creators to offer subscriptions to their followers, is laying off 17% of its employees, joining a growing list of companies that are making cuts to their workforces.

The company’s chief executive officer, Jack Conte, wrote in a note to staff that the job cuts will impact a total of 80 employees across go-to-market, operations, finance, and people teams.

In addition to the layoffs, the subscription service provider is also closing its office in Berlin, which was noted as the home base for both its sales and marketing teams.

But there’s more. Patreon will also be closing its office in Dublin as it plans on consolidating engineering roles in the U.S. Nine employees currently working out of the Dublin office will be offered relocation packages.

Those affected by layoffs will also be offered at least three months of severance pay, plus COBRA health benefits for U.S. employees for the remainder of 2022.

The announcement follows Patreon’s recent decision to fire five members of its security team. Conte, however, pointed out that those layoffs occurred for different reasons.

“The change last week was part of a longer-term strategy to continue distributing security responsibilities across our entire engineering team, bring new areas of expertise into Patreon internally, and continue partnering with external experts,” he said.

“Unfortunately, the change generated concern that we were reducing our security investment, but I wanted to make it clear, especially in light of today’s changes, that we are in fact increasing our investment in security.”

The news comes nearly a year and a half after Patreon secured $155 million in venture funding, which raised the company’s valuation to $4 billion. According to chief product officer Julian Gutman, the investment round was intended to double its size by the end of 2022. Those plans have since flopped.

Photo credit: Patreon