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Twitch is cutting one-third of its staff
Twitch paid out $1 billion to streamers last year.
Bloomberg first reported that the video game streaming platform was planning layoffs on Tuesday, and the company confirmed today that the cuts were happening. In March 2023, Twitch was impacted by larger layoffs at parent company Amazon that saw 18,000 people lose their jobs. Last month, the company also announced that it would cease operations in South Korea, citing “prohibitively expensive” network fees.
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