Twitch lays off over 400 employees as Amazon cuts 9,000 more jobs
More than 400 employees are leaving Twitch due to the current macroeconomic environment, which the company says is making it difficult to meet its financial expectations. The layoffs are part of a wider job cut at Twitch parent Amazon, which said today it will lay off about 9,000 jobs in the next few weeks.
“Because the company is focused on building a community together, this decision was incredibly difficult, and we made it with a lot of thought,” said Twitch CEO Dan Clancy.
“Like many companies, our business has been impacted by the current macroeconomic environment and user and revenue growth has not been in line with our expectations. In order to run our business sustainably, we have made the very difficult decision to cut jobs.”
Amazon CEO Andy Jassi provided a little more context in his own statement , explaining that Amazon businesses have seen significant headcount increases over the past few years. But the “uncertainty” of the current and future economy means that Amazon has decided to be more rational about spending and headcount, meaning that people who used to have jobs now don’t…