Twitch Set to Reduce Workforce by 35%, Cutting 500 Jobs Amidst Financial Struggles and Executive Turnover
Twitch, the livestreaming platform owned by Amazon.com Inc., is reportedly planning to lay off about 500 employees, constituting 35% of its staff. This decision, as per sources familiar with the matter and reported by Bloomberg, could be officially announced as soon as today.
The layoffs at Twitch are due to financial losses and follow the recent departure of several top executives. These changes mark a significant shift in Twitch’s operational strategy and hint at potential restructuring efforts within the company.
A Twitch spokesperson has declined to comment on these developments. More information on this situation is expected to emerge soon, providing a clearer picture of Twitch’s future direction and the impact on its community and services. Stay tuned for further updates on this evolving story.
