“I remorse having to share that we’re taking the painful step to cut back our headcount by simply over 500 individuals throughout Twitch,” Clancy wrote. “This can be a really onerous day.”
Within the announcement, Clancy famous that Twitch paid out over $1 billion to streamers final yr, remarking that “whereas the Twitch enterprise stays robust, for a while now the group has been sized primarily based upon the place we optimistically count on our enterprise to be in 3 or extra years, not the place we’re at right now.”
The cuts at Twitch have been accompanied by layoffs elsewhere at Amazon right now. The corporate’s Prime Video and MGM Studios divisions additionally lower tons of of roles.