Amazon lays off 500 Twitch employees, hundreds more at MGM and Prime Video
Twitch reportedly still unprofitable, paid over $1 billion to streamers in 2023.
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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.