• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Read the email Twitch's CEO sent employees at 6am announcing 500 job cuts

Home> Gaming

Published 12:08 11 Jan 2024 GMT

Read the email Twitch's CEO sent employees at 6am announcing 500 job cuts

Jobs are being cut from the live-streaming video game platform.

Prudence Wade

Prudence Wade

Twitch employees woke up on Wednesday morning to some bad news: layoffs.

CEO Dan Clancy emailed the company announcing 500 job cuts.

Amazon bought the live-streaming video game platform in 2014 for close to $1 billion, but things aren't so rosy there now.

Advert

Twitch has announced layoffs.
NurPhoto / Contributor / Getty

In an email to employees, Clancy said that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business".

He wrote: “For some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we’re at today."

First indication of trouble came last month, when Twitch - based in San Francisco - said that it was withdrawing from the South Korean market due to expensive network fees.

Advert

“As you all know, we have worked hard over the last year to run our business as sustainably as possible," Clancy wrote in the email. “Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch.”

Over 500 jobs have been cut from the gaming live-stream platform.
Dave Kotinsky / Stringer / Getty

The restructuring was based on conservative growth predictions, Clancy said, while stressing the business remained strong after paying streamers more than $1 billion (£780,000,000) last year.

Twitch streamers like Ninja and Auronplay have huge followings, and occasionally celebrities - including politician Alexandria Ocasio-Cortez and rapper Snoop Dogg - pop up on the site.

Advert

Employees who have lost their job will be receiving more information about their severance packages and hold 1:1 meetings in the next few days.

After a hiring surge during the pandemic, Amazon is now cutting thousands of jobs.

Last March, the tech giant announced it planner to lay off 9,000 employees - that's on top of the 18,000 jobs it said it was cutting in January 2023.

And job cuts are happening elsewhere in the company this week - including layoffs across the Prime Video and MGM Studios unit.

Featured Image Credit: Anadolu / Contributor / SOPA Images / Contributor / Getty
Amazon
Twitch
Gaming

Advert

Advert

Advert

Choose your content:

17 hours ago
18 hours ago
  • 17 hours ago

    PlayStation fans concerned as major rumor hints at worrying future for the gaming giant

    Worries are starting to spread between PlayStation fans as they await an announcement

    Gaming
  • 17 hours ago

    Highly anticipated $800 million video game branded a 'scam' as players give up on it ever being released

    Pay-to-win scandals and a lack of release date have left you furious

    Gaming
  • 17 hours ago

    'Woke' GTA 6 called out as players rage over tiny moment in the new trailer

    Players argue over tiny detail spotted in the new trailer

    Gaming
  • 18 hours ago

    GTA 6 fans joke that the game is 'literally unplayable' after noticing slip up in trailer

    Looks like the worst game of 2026 is already secure

    Gaming
  • CEO reveals how to avoid AI taking over your job in shocking email to employees
  • Brutal email Steve Jobs sent to Adobe CEO after he found out they were poaching his employees
  • Controversial reason Snapchat CEO sets new employees up to fail on their first day on the job