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Twitch To Lay Off About 500 Staff

Works out to be 35% of all workers

It looks like more layoffs are on the way in the gaming space.

According to Bloomberg, about 35 percent of staff at Amazon’s Twitch will be let go as early as Wednesday. That works out to 500 people at the company that runs the biggest and most successful live-streaming platform for gamers.

This is a huge blow to start 2024, especially after the same workforce was cut by 400 jobs less than one year ago; part of a wider Amazon approach to job reductions.

Amazon purchased Twitch nearly 10 years ago, and despite an increase in ads running on its platform, it has yet to be a profitable business. Late last year, many higher-ups left the company, including their chief product officer, chief customer officer, and chief content officer.

Twitch has also planned to pull out of South Korea, citing high operating costs.

Of course, layoffs are, unfortunately, nothing new in the gaming space and industry. Unity just announced its round of job losses, cutting about 25 percent of its staff.