Amazon’s Twitch cuts more than 500 jobs attempting to turn expensive platform profitable

Clancy in an email to employees said that even with cost cuts and growing efficiency, the platform ‘is still meaningfully larger than it needs to be given the size of our business’. — Photo by Caspar Camille Rubin on Unsplash

Twitch, the video game streaming platform acquired by Amazon a decade ago for close to US$1bil (RM4.64bil), is laying off more than 500 employees as the company tries to turn the tremendously expensive division profitable.

Twitch CEO Dan Clancy in an email to employees said that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business”.