Twitch retrenching 500 workers

[Hanno Labuschagne]

Twitch retrenching 500 workers

Amazon.com Inc.’s livestreaming site Twitch is poised to cut 35% of its staff, or about 500 workers, according to people familiar with the plans, the latest in a series of job reductions there.

The cuts, which could be announced as soon as Wednesday, come amid concerns over losses at Twitch and after several top executives left the company in the span of a few months.

[Bloomberg]

 

[Grieta Thanburg]

Adding more bobos didn't increase revenue?

 

[Sapphiron]

So burning venture capital is no longer a viable business model?

 

[HartsockZA]

Twitch is and has become another version of OF. Not a great platform anymore, don't care how you wrap that toffee