Twitch announces massive layoffs, more than 500 employees will be laid off, accounting for more than 1/3 of the total workforce

Bloomberg reported that Twitch announced more than 500 layoffs, accounting for about 35% of its total employees.

Twitch CEO Dan Clancy said in a statement: "It is with deep regret that we have to make changes to address the current challenges. Tough decision to lay off more than 500 people. This is a difficult task."

Twitch has made its second major layoff in the past year. In March 2023, Twitch laid off 400 employees as part of a massive layoff plan by Amazon's parent company, while Amazon laid off a total of 18,000 employees. In addition, some senior management personnel, including chief product officer Tom Verrilli, chief customer officer Doug Scott and chief content officer Laura Lee, also announced their departure. Last month, the company also announced that it would cease operations in South Korea on February 27 due to unaffordable network costs.

Clancy pointed out in the statement that Twitch paid more than $1 billion (approximately 7.17 billion yuan) to anchors last year, but said: "While Twitch's business remains strong, the company's size has declined over a period of time. It is based on our optimistic expectations for the business in the next three years or more, rather than our current actual situation."

In addition to Twitch, other departments of Amazon also laid off employees today. Prime Video and MGM Studios divisions laid off hundreds of employees.

The above is the detailed content of Twitch announces massive layoffs, more than 500 employees will be laid off, accounting for more than 1/3 of the total workforce. For more information, please follow other related articles on the PHP Chinese website!