Twitch reportedly still unprofitable, paid over $1 billion to streamers in 2023.
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Amazon today is laying off 500 employees at Twitch and several hundred more at its MGM and Prime Video divisions, the company announced. The 500 job cuts at Twitch reportedly amount to 35 percent of the game-focused live-streaming platform's staff.
Twitch CEO Dan Clancy announced the cuts in a blog post and email to staff. "As you all know, we have worked hard over the last year to run our business as sustainably as possible. Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch," Clancy wrote.
Twitch is reportedly still unprofitable nine years after Amazon acquired it. Meanwhile, Senior VP of Prime Video and Amazon MGM Studios Mike Hopkins sent a memo to staff announcing the elimination of "several hundred roles across the Prime Video and Amazon MGM Studios organization."
