“I remorse to inform you that we’re taking the painful step of downsizing by simply over 500 individuals throughout Twitch,” Clancy wrote. “It’ll be a really powerful day.”
Within the announcement, Clancy famous that Twitch paid greater than $1 billion to streamers final yr, noting that “whereas the Twitch enterprise stays sturdy, for a while the group has been sized based mostly on the place we optimistically count on our enterprise to be in three or extra years, not the place we’re at this time.”
Cuts at Twitch have been accompanied by layoffs elsewhere at Amazon at this time. The corporate’s Prime Video and MGM Studios divisions additionally lower lots of of roles.