Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Gossip

Twitch Confirms Layoffs Of 500 Staffers – Deadline

rmtsa by rmtsa
January 10, 2024
in Gossip
0
Twitch Confirms Layoffs Of 500 Staffers – Deadline
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Is Jeremy Allen White Leaving ‘The Bear’? Find Out After Season 4 – Hollywood Life

‘The Simpsons’ Producer Finally Speaks On Marge Simpson’s Death

Aubrey O’Day Fears Diddy’s ‘Coming After Everybody’ If Acquitted

Amazon‘s gamer-centric streaming outlet Twitch is laying off 500 staffers, CEO Dan Clancy told employees in a memo this morning.

The move is being made in sync with cutbacks at corporate siblings Prime Video and Amazon Studios. Bloomberg had reported the layoffs at Twitch on Tuesday. Clancy said the news had “leaked,” suggesting that the Amazon division had to hold off on confirming any details or answering employee questions in order to co-ordinate today’s announcement with that of the other divisions.

Clancy acknowledged in a blog post that the cuts are “painful” and that they come after the company had already been on a cost-cutting drive. Despite that effort to be more efficient, he wrote, “our organization is still meaningfully larger than it needs to be given the size of our business. Last year, we paid out over $1 billion to streamers. So while the Twitch business remains strong, for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we’re at today. As with many other companies in the tech space, we are now sizing our organization based upon the current scale of our business and conservative predictions of how we expect to grow in the future.”

For advertisers, Twitch has been positioned as one of the pillars of Amazon’s entertainment and media portfolio, alongside Prime Video, Amazon Music, Fire TV and Freevee. While it has been in the Amazon fold for nearly a decade, Twitch has been in a transitional period in recent months, following the departure last March of founder and former CEO Emmett Shear.

Clancy did not name any media outlets, but he addressed the Tuesday reports and resulting angst in his blog post. “I also want to acknowledge how disappointed I was yesterday that this information leaked,” he wrote. “I am sorry for all of the anxiety that it caused over the last several hours. Our hope was that you all would hear from us this morning and very quickly understand how this impacted your role and we were unfortunately not able to accelerate the timeline, which I know is very frustrating.”



Source link

Tags: ConfirmsDeadlinelayoffsStafferstWitch
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Is Jeremy Allen White Leaving ‘The Bear’? Find Out After Season 4 – Hollywood Life

by rmtsa
June 30, 2025
0
Is Jeremy Allen White Leaving ‘The Bear’? Find Out After Season 4 – Hollywood Life

Image Credit: HULU Season 4 of The Bear ends with a shocking twist and possible new beginning for other characters. Jeremy Allen White‘s character, Carmen “Carmy” Berzatto, makes...

Read more

‘The Simpsons’ Producer Finally Speaks On Marge Simpson’s Death

by rmtsa
June 30, 2025
0
‘The Simpsons’ Producer Finally Speaks On Marge Simpson’s Death

"The Simpsons" executive producer Matt Selman finally addressed the controversy surrounding the decision to "kill off" Marge Simpson during a flash-forward scene in the Season 36 finale.While the...

Read more

Aubrey O’Day Fears Diddy’s ‘Coming After Everybody’ If Acquitted

by rmtsa
June 29, 2025
0
Aubrey O’Day Fears Diddy’s ‘Coming After Everybody’ If Acquitted

As the Diddy trial verdict draws near, with closing arguments now concluded, attention is turning to the potential outcomes. Aubrey O’Day, one of Sean “Diddy” Combs’ former artists, is openly...

Read more

Update on Evangelist’s Condition – Hollywood Life

by rmtsa
June 29, 2025
0
Update on Evangelist’s Condition – Hollywood Life

Image Credit: Getty Images Jimmy Swaggart, the famed televangelist and longtime host of The Jimmy Swaggart Telecast, went into cardiac arrest in June 2025, and according to his...

Read more

King Charles’ Funeral Plans Include ‘Prominent Roles’ For Harry And Meghan

by rmtsa
June 29, 2025
0
King Charles’ Funeral Plans Include ‘Prominent Roles’ For Harry And Meghan

Though the British monarch's health is not officially critical, insiders claim his cancer is incurable.However, despite the royal rift, King Charles reportedly wishes to reconnect with Harry, Meghan...

Read more
Next Post
King Harris’ Latest Rap Performance Received With Laughter

King Harris' Latest Rap Performance Received With Laughter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Kyle MacLachlan “Would Love” To Reprise Trey On ‘And Just Like That’
  • Is Jeremy Allen White Leaving ‘The Bear’? Find Out After Season 4 – Hollywood Life
  • Vin Diesel Says Paul Walker’s Brian May Return for Fast & Furious 11

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In