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The layoffs point to ongoing challenges at Twitch, although Amazon does not break out specific results for the unit. They also follow the departures of several top executives from the company late ...
In January 2024, Twitch announced another mass layoff, affecting 500 employees or 35% of total staff, after previous layoffs in early 2023. [131] [132] The announcement came amid ongoing struggles and ensuing layoffs across the tech and digital media sectors. [133] In October 2024, Twitch's longtime head of music Cindy Charles died. [134]
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [18] many such layoffs have been attributed to artificial intelligence, [19] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [18]
On March 20, Clancy announced that Twitch would be laying off 400 employees, as part of Amazon-wide layoffs affecting 9000 workers across the company. [31] [32] [33] In January 2024, another round of layoffs totaling 500 people (35% of staff) was announced. [34] [35]
Further layoffs are on the horizon, with the company looking at other rounds in March, May, June, August and September, per the outlet. The JPMorgan Chase logo is seen at its headquarters in New ...
In 2022, Beahm and Twitch agreed a settlement, where neither party admitted any wrongdoing. ... Midnight Society previously announced layoffs in September 2024 but said it remained committed to ...
Unity Technologies, Twitch, and Discord separately announced layoffs affecting 1,800, 500, and 170 jobs, respectively. [16] [17] [18] 22 Riot Games laid off about 530 staff. [19] 25 Microsoft Gaming laid off 1,900 staff, and the President of Blizzard Entertainment, Mike Ybarra, left the company. [20] 29
Another wave of layoffs is sweeping across tech.. Many are continuing to hire amid the cuts, sometimes even growing head count overall in the coming year. BI rounded up some recent examples ...