Amazon's Twitch cuts over 500 jobs in attempt to be profitable
Twitch CEO Dan Clancy said in an email to employees that even with cost cuts and growing more efficient, the platform is still larger than needed.
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Twitch CEO Dan Clancy said in an email to employees that even with cost cuts and growing more efficient, the platform is still larger than needed.
More than 500 Twitch employees - a third of the streamer's workforce - will be laid off.
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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, the popular live-streaming platform for gamers, is set to cut about one-third of its workforce in a major organizational reshaping effort.