Amazon-owned streaming platform Twitch is about to put off roughly 500 staff this week, or 35% of its whole workforce, Bloomberg broke in a report on Tuesday.
In line with Bloomberg’s Cecilia D’Anastasio, Twitch could announce the layoffs as quickly as tomorrow. The information comes only a day after sport engine developer Unity introduced it is shedding 25% of its staff in a “firm reset,” and follows a 12 months of enormous scale layoffs throughout the video games and tech sectors which have affected tens of hundreds of staff.
Twitch’s guardian firm laid off 180 staff from Amazon Video games in November, a comparatively small quantity in comparison with the 27,000 staff it reduce earlier in 2023. That mass layoff additionally dramatically impacted Twitch to the tune of 400 staff in March 2023, simply after longtime CEO Emmett Shear departed the corporate after 16 years. The layoffs have not been the one signal of hassle for Twitch: the platform only recently determined to tug out of South Korea over excessive community charges that pressured it to function within the nation at a loss.
If the layoffs match Bloomberg’s reporting, they are going to depart Twitch with roughly 930 staff, or half the workforce it had this time final 12 months.