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Amazon is laying off hundreds of employees at its studio division as well as its subsidiary, Twitch, to reduce costs, the latest in a wave of new job cuts hitting the tech industry.
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.
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.
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
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.”