Page 21 - Dan Clancy News Today

Twitch reportedly still unprofitable, paid over $1 billion to streamers in 2023.

Video game streaming company Twitch said Wednesday it is laying off 500 workers as part of ongoing cost-cutting efforts.

Amazon's gamer streaming unit Twitch on Wednesday announced that it was laying off 500 staff, reportedly one third of the company, as it struggles financially despite strong popularity among players.The cull comes as part of Amazon's biggest ever job cutting plan launched last year, which it said will reach 27,000 positions across the company.

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Twitch was built for a generation of people raised with video games and like to watch some of the best gamers in the world as many people watch professional sports.

The tech giant says a new round of job losses is needed to make its business more sustainable.

Twitch last March laid off just over 400 employees and now CEO Dan Clancy has announced another round [...]

Amazon is cutting several hundred positions across its Prime Video and MGM Studios unit

Twitch, the video game streaming platform acquired by Amazon a decade ago for close to $1 billion, is laying off more than 500 employees as the company tries to turn the tremendously expensive division profitable

Amazons Twitch cuts more than 500 jobs attempting to turn expensive platform profitable