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Amazon.com Inc.'s livestreaming site Twitch is poised to cut 35% of its staff, or about 500 workers, according to people familiar with the plans, the latest in a series of job reductions there.
Today, Amazon is cutting 35% of streaming service Twitch’s staff, after many years of unprofitability, part of a wider slate of Amazon cuts.
According to reports, Twitch is about to lay off almost 35% of the workforce or in total – about 500 workers.
Amazon-owned streaming platform Twitch is laying off more than 500 people in a move designed to “rightsize” the company, according to CEO Dan Clancy.…
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. Twitch CEO Dan Clancy in an email to employees said that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business.”