Twitch lays-off 35% of their staff
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Archived from the IMDb Discussion Forums — Twitch
/.ㅤ — 2 years ago(January 12, 2024 08:25 AM)
500 workers. This is in addition to around 400 workers they laid-off last year due to monetary struggles. Twitch has never made a profit.
https://digiday.com/marketing/in-graphic-detail-digging-into-the-numbers-around-twitchs-35-layoff/
Tuesday’s layoff of 500 staff — representing roughly 35 percent of Twitch’s total workforce — officially made 2024 the company’s third year in a row with layoffs. Following a pandemic-fueled explosion in gaming and livestreaming engagement in 2020 and 2021, Twitch’s head count stood at an all-time high of roughly 1800 by the end of 2022, a number that may have been perceived as bloated by upper management at Amazon.
The first cracks in the facade appeared in November 2022, when Twitch laid off an unannounced number of staff on its recruiting team and announced plans to reduce hiring in 2023. The layoffs began in earnest, with Twitch cutting 400 staffers in March 2023 as part of a broader restructure at Amazon. This week’s cull of 500 staff means Twitch is down roughly 1,000 employees in the last 12 months, a total reduction of nearly 50 percent.
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