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Twitch is laying off another 500 employees

Another round of layoffs is hitting Twitch. The Amazon-owned livestreaming platform will cut 35% of its staff, or roughly 500 employees, Bloomberg Twitch is laying off about 35% of its workforce, or 500 employees, as it struggles to turn a profit.

Twitch also recently announced plans to shut down service in South Korea — one of the largest esports markets in the world — over “prohibitively expensive” network fees. Its pivot to prioritizing ad revenue, which has been a point of contention among viewers and streamers, has not been fruitful; Bloomberg reports that the company is still unprofitable nearly a decade after Amazon acquired it. In a 2022 blog post, Clancy stated that each high-volume streamer on Twitch costs the company about $1,000 per month, citing Amazon Web Service’s interactive video rates.

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