Twitch Reportedly Cutting 500 Jobs in Latest Round of Layoffs
This year shaping up to be like the last.
Video game streaming giant Twitch is cutting 500 jobs, reducing its workforce by around 35%. That's according to a new report from Bloomberg, and along with the 1800 layoffs already planned over at Unity Software, it marks a grim start to 2024 in the games space.
In 2023, the Amazon-owned video platform suffered through two other rounds of reductions, accounting for about 400 roles combined. All told, that's almost 1000 jobs lost in under a year at the company alone, something the Bloomberg report attributes to "concerns over losses" and the departure of several top executives. Neither Twitch nor Amazon have responded to the report, but Bloomberg expects a formal announcement could arrive as soon as Wednesday (today).
Read the full article on pushsquare.com