Twitch to Layoff 500 Employees

Twitch to Layoff 500 Employees

Drama Business

10 January 2024 15:06

Twitch will lay off more than 500 employees nearly 35% of the staff. The company also left South Korean market due to costs. Twitch CEO Dan Clancy announced the news with an email to the staff. He stated “Over the last year, we’ve been working to build a more sustainable business so that Twitch will be here for the long run and throughout the year we have cut costs and made many decisions to be more efficient,” Clancy wrote in the blog post. “Unfortunately, despite these efforts, it has become clear that our organization is still meaningfully larger than it needs to be given the size of our business.”

Tags: Twitch

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Twitch to Layoff 500 Employees

Drama Business

10 January 2024 15:06

Tags: Twitch

Twitch will lay off more than 500 employees nearly 35% of the staff. The company also left South Korean market due to costs. Twitch CEO Dan Clancy announced the news with an email to the staff. He stated “Over the last year, we’ve been working to build a more sustainable business so that Twitch will be here for the long run and throughout the year we have cut costs and made many decisions to be more efficient,” Clancy wrote in the blog post. “Unfortunately, despite these efforts, it has become clear that our organization is still meaningfully larger than it needs to be given the size of our business.”

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

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According to an exclusive article by Dexerto, Twitch has been billing users for recurring subscriptions to channels of permanently banned...

Drama

Apr 04, 2025

Viewbotter Slipped Up

A Twitch streamer, known as QueenGloriaRP, was recently caught using a viewbotting tool during her live broadcast, leading to her...

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Mar 21, 2025

Twitch to Sue Russian Streamer

Twitch is taking legal action against Russian streamer Kirill Konstantinovich Malofeyev, also known as "Likkrit," in order to protect itself...

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Feb 25, 2025

Twitch Denies Israel Account Block Accusations

Twitch has responded to recent reports claiming it prevented users in Israel from creating accounts, stating that the issue was...

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Oct 21, 2024

Twitch Issues Apology

Twitch has issued an apology following the unintended activation of streamers' cameras, including those of Vtubers, due to its new...

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Aug 30, 2024