Twitch’s Big Problems. The Largest Gaming Streaming Service Will Lay Off up to 35% of Its Staff (Rumor)
According to information circulating online, Twitch plans to lay off about 35% of its workforce. This represents roughly 500 people.
Twitch has been considered the most popular live streaming gaming service for years. However, this does not mean that it brings as much income as Amazon, its owner, would like, which is undoubtedly a big problem for the company. According to information circulating on the Internet, in the coming days Twitch will lay off approximately 35% of its current staff.
Mass layoffs at Twitch
According to information provided by Bloomberg, Twitch's management is preparing to issue notices to approximately 500 employees, or around 35% of the entire staff. This is connected, among other things, to the restructuring associated with the departure of several leading employees and the fact that the service does not earn as much as it should, making it unprofitable. We remind you that it's been 10 years since Amazon took it over for almost a billion dollars.
- Paid options on the website are optional, but most users - both streamers and viewers - prefer to use the features available for free, which do not limit the satisfaction from either broadcasting or watching.
- Twitch's situation is not improved by competition from other streaming services or controversy related to videos showing content intended for adults.
- As recalled by Reuters, Dan Clancy, Twitch's CEO, said in December that the company could end operations in South Korea this February. This is supposed to be due to excessively high fees associated with the operation of the service in this country.
- It is worth noting that this is yet another big wave of layoffs at Twitch. If it comes to that, a total of about a thousand people would have said goodbye to working at Twitch over the course of last 12 months.
