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Amazon's gaming streaming unit Twitch is laying off 500 employees due to financial struggles. Audible, another division of the company, is also planning to cut 5% of its workforce.
Twitch, a popular streaming platform owned by Amazon, has laid off more than 500 employees. The same was announced in a blog post by CEO Dan Clancy.
Despite Amazon's acquisition of the company nine years ago, Twitch continues to grapple with financial challenges, remaining in the red.
Popular streaming platform Twitch is reportedly cutting more jobs.
Network fees in Korea are still 10 times more expensive than in most other countries, he said, adding that the company spent significant effort working to reduce operating costs to remain in business.