Twitch issues layoffs to over 500 staff to ‘rightsize’ its workforce

Twitch, the Amazon-owned live streaming platform, has laid off 35% of its staff, or just over 500 employees. CEO Dan Clancy said these cuts are designed to “rightsize” Twitch’s workforce.

Twitch has struggled to turn a profit since Amazon bought the service about a decade ago. Since taking over for Emmett Shear, Clancy and Twitch made major cuts to turn the platform into a sustainable business. Last year, Twitch issued two rounds of layoffs totaling about 435 employees. With today’s layoffs, Twitch cut nearly 1,000 positions in total, or roughly 50% of its staff, in the last year. Additionally, Twitch’s chief product officer, chief customer officer and chief content officer all left the company in Q4 2023.