Twitch Is Laying Off 400 More Employees

gamerant.com:

Following a wave of layoffs that have rocked the gaming and tech industry in recent months, Amazon-owned Twitch is the latest company in the space to announce employee layoffs. While the drama surrounding popular Twitch streamers has always been a major draw for the site, this real-world corporate drama now has hundreds of former Twitch staff members seeking new employment.

Twitch has undergone a radical transformation since it began life as streaming site Justin.tv back in 2007. Originally a “lifecasting” site where users would broadcast their day-to-day activities, the growing popularity of gaming streams led the founders of Justin.tv to spin off Twitch into its own website in 2011 and the site has continued to grow ever since. Considered by many to be the preeminent site for livestreaming, Twitch has faced controversy in recent years over issues ranging from revenue splits with creators to its often-underwhelming attempts to combat harassment on the platform. Adding to the site’s woes, Twitch CEO Emmett Shear resigned earlier this month after over 16 years with the company.

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A post on the official Twitch blog from new CEO Dan Clancy has revealed that the company has laid off “just over 400 people” in an attempt to reduce the size of the company’s workforce. Clancy’s post states that the choice to terminate the employees was a difficult one and was made only after “considerable thought.” Attempting to justify the unexpected layoffs, the post states that both user and revenue growth had failed to keep pace with Twitch’s expectations and that the reduction in workforce was necessary to ensure the long-term future of the company. Clancy ends the