Patreon laid off 80 employees, approximately 17% of its staff, due to changes in the tech industry and economy. The company will focus on product development and creator support, while reducing marketing and sales efforts. The layoffs were announced by CEO Jack, who expressed gratitude to the departing employees and confidence in Patreon's mission to support creators. The company is providing severance packages, including extended health coverage and job placement support, to the affected employees.