Twitch lay off 500 people as CEO concedes that staffing strategy has been "optimistic"
Amazon-owned Twitch have announced that they will lay off "just over 500" people - almost 35% of their workforce - in the course of on-going plans to "rightsize our company", with CEO Dan Clancy conceding that the streaming service has been operating based on "where we optimistically expect our business to be in 3 or more years, not where we're at today."