Twitch reportedly set to lay off around 500 employees this week
Just a day after Unity announced it would be laying off 1,800 employees as part of an ongoing “company reset”, it’s being reported that live-streaming site Twitch is now poised to cut 35 percent of its workforce – equalling around 500 jobs – later this week.
That’s according to Bloomberg’s Cecilia D’Anastasio, who, citing “people familiar with the plans”, reports the cuts could be announced as early as Wednesday.
While Twitch declined to comment on the story when approached by Bloomberg, the publication claims the job cuts come amid continuing struggles for the live-streaming site. According to Bloomberg’s sources, Twitch still remains unprofitable nine years after Amazon acquired the company for $970m.
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