"Big yikes": Concerned netizens react to Twitch firing over 400 employees citing budget cuts

sportskeeda.com:

Within a week of taking over the reins of Twitch as the new CEO, Dan Clancy has announced laying off over 400 people from the company, citing "macroeconomics" in a blog post.

The news of the layoffs has not been well received by most of the community and comes at a time when Amazon, its parent company, is making cutbacks to different sectors under their domain.

Streamers and viewers alike have been dissatisfied with Twitch's recent policies pertaining to revenue splits, and the news of the layoffs has only increased skepticism regarding the platform with tweets like these littered across the internet:

Emmett Shear's resignation from the post of CEO last week had a mixed response from regular users of the platform. As a founder and long-time top dog at the company, there is a lot of adoration for Shear and his work among streamers and viewers alike. However, his resignation comes at a time when a lot of people are dissatisfied with the company's financial policies.

With YouTube and Kick both offering better financial incentives to streamers, a change in Twitch's upper management was welcomed by some. However, people were quick to realize that Dan Clancy, the former president, was the very person to write a blog post introducing the controversial 50/50 split last year.

Another concern that Twitteratis have over the recent lay-off announcement is about the 400 people who are about to lose their jobs. Many have wondered whether they were informed internally before the information was made public, pointing out how horrible it would be to find out about losing their jobs from an article online.

Some drew attention to the proximity between Shear's resignation and the layoffs:

The overwhelming majority of the replies to the official