Twitch will lay off 500 employees in third wave of job reductions within 12 months
Twitch is expected to lay off another 500 of its employees this month
Source: mcvuk.com
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Amazon's Twitch cuts more than 500 jobs attempting to turn expensive platform profitable
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.” Amazon purchased Twitch Interactive in 2014 for $970 million as it looked for a way to take part in video gaming’s growth as an online spectator sport.
Source: yahoo.com
Amazon's Twitch cuts more than 500 jobs attempting to turn expensive platform profitable – Winnipeg Free Press
Breaking News, Sports, Manitoba, Canada
Source: winnipegfreepress.com
Twitch to Lay Off 500 Staffers Alongside Amazon Prime Video and Studios Cuts
Amazon’s streaming outlet Twitch is laying off 500 staffers, according to a memo from CEO Dan Clancy to employees. The job cuts are being made alongside…
Source: biztoc.com
Twitch is laying off 35 percent of its workforce
Amazon-owned Twitch is preparing to lay off 35 percent of its employees or a little over 500 people. The news was first reported by Bloomberg on Tuesday and…
Source: biztoc.com