A new report from Bloomberg has detailed plans for Twitch to lay off 35% of its staff, around 500 employees worldwide. While not officially announced by Twitch or parent company Amazon yet, it’s believed an announcement is imminent, and could be delivered as early as Wednesday PT/ET.
Update 11/1: Following this report, Twitch confirmed its incoming layoffs internally, and to the public via a blog post. “We greatly value the employees we’re saying goodbye to today as people and professionals and are grateful for all their efforts to support all of you,” Dan Clancy, CEO of Twitch said. “Please know that Twitch remains focused on serving our streamers and ensuring that this is the best place to livestream for many years to come.”
The original story continues below.
Sources speaking to Bloomberg believe the cuts are related to “concerns over losses” at Twitch, including the departure of top executives. This latest round of layoffs is the the third of recent mass redundancies made at the company since 2023. Around 400 jobs have already been cut, and the company’s office in Korea has also been shut down.
It’s believed these cuts have been made in order to cut costs, as Twitch allegedly remains unprofitable to run, despite its widespread popularity and prominence in the video game scene.
Read: Unity kicks off new year with 1,800 job cuts – around 25% of staff
Elsewhere in layoff news, technology company Unity also announced a major round of layoffs to kick off 2024, with 1,800 jobs set to be cut at the company. Unfortunately, we anticipate more companies will be making cuts in the weeks and months ahead.
Our thoughts are with those impacted by the unfolding layoffs at Twitch.
This article has been updated since its original publication.
