Amazon-owned streaming platform Twitch lays off 500 employees

Twitch, Amazon’s live-streaming site, announced on Wednesday that it is laying off 35% of its staff, or more than 500 employees, due to its lack of profitability. This is the second major cutback in less than a year, as the company faces stiff competition and low revenue from its creators.

Twitch CEO cites a lack of profitability and the need to streamline operations. (Photo by Martin BUREAU / AFP)(AFP)

CEO Dan Clancy, who took over in March 2023, said in a blog post, “I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch.” He added that the “organization is still meaningfully larger than it needs to be given the size of our business.”