Twitch announced plans to reduce its workforce on Monday, demonstrating that even the seemingly booming streaming site isn’t immune to the reductions that have swept the tech industry in the last six months.
The layoffs will affect 400 employees at the company and were characterized as an effort to improve Twitch’s business outlook in the long term.
“Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations,” new Twitch CEO New Twitch CEO Dan Clancy wrote. “In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce.”
Clancy announced the news on the company’s blog just days after longtime Twitch CEO Emmett Shear said that he would step down from the company to spend time with his family. Clancy moves into the chief executive role from his previous position as president, which saw him already running day-to-day operations at the company.
This story is developing…
David Van Bruwaene was pursuing his Ph.D. in philosophy at Cornell when he developed a passion for linguistics and natural language processing, the subfiel
New nature-reporting recommendations aim to help companies assess their impact on and risks from the world’s natural systems. It could become mandatory one da
To the Editor:The article “Welcome to the ‘Walled Garden.’ Is This Education’s Solution to AI’s Pitfalls?” (July 25, 2023) raises important quest
A year and a half after Ukraine was invaded by Russia, 84% of the nation’s companies are fully operational, according to a survey by t
