Patreon lays off 17% of workforce
San Francisco-based tech firm gives impacted employees mental health, financial wellness benefits
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San Francisco-based tech firm gives impacted employees mental health, financial wellness benefits
Snap is the latest tech company to slow hires, lay off significant percentages of staff, and halt formerly growing side ventures.
Company also laying off about 75 employees
Despite some promising economic signs recently, more tech companies are hitting the pause button on their hiring plans. They’re instituting freezes, rescinding jobs offers and even resorting to layoffs (with one CEO showing his remorse by sobbing on social media).
A memo sent to employees from CEO David Ko said the company is "not immune to the impacts of the current economic environment."