Twitch CEO Dan Clancy explained the decision to lay off 35% of its staff. The head of the company spoke about the current situation of the streaming platform as part of a broadcast dedicated to answering user questions.
As I explained in a company-wide letter, we have a responsibility to manage the size of Twitch in order to continue to operate in the future. <...> It is very important that our platform exists not only here and now, but also in 50 and even 100 years. <...> I believe that the company should be stable in the long term. In simple terms, we decided to lay off employees because the staff had grown too large. <...> Let me be clear: Twitch is not profitable right now. Amazon has been incredibly supportive of us. To stay afloat, we need to cut losses. This is the main part of my job: making decisions so that the company has a future.
On January 9, Bloomberg reported a large wave of layoffs at Twitch. According to the publication, 500 people will leave the company, that is, about 35% of the entire staff. The head of the streaming platform did not refute this information, but did not disclose the exact number of laid-off employees.
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2024-01-12 07:48:00
