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Tuesday, February 27, 2024

Twitch is slicing one-third of its employees

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“I remorse having to share that we’re taking the painful step to scale back our headcount by simply over 500 folks throughout Twitch,” Clancy wrote. “This can be a really laborious day.”

Within the announcement, Clancy famous that Twitch paid out over $1 billion to streamers final 12 months, remarking that “whereas the Twitch enterprise stays robust, for a while now the group has been sized based mostly upon the place we optimistically anticipate our enterprise to be in 3 or extra years, not the place we’re at at this time.”

The cuts at Twitch had been accompanied by layoffs elsewhere at Amazon at this time. The corporate’s Prime Video and MGM Studios divisions additionally cut hundreds of roles.

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