Twitch CEO Dan Clancy has addressed the company’s situation after revealing that more than 500 employees will be laid off. Twitch is laying off more than 500 employees, Wednesday, Jan. 10, 2024, as the company looks to get to a more appropriate size, according to the streaming platform's CEO Dan Clancy. Clancy wrote in a blog post that “we still have work to do to rightsize our company”. ‘We aren’t profitable at this point’: ClancyIn a livestream, Clancy admitted that Twitch is not making a profit and that Amazon, its parent company, has been backing it up. Clancy said Twitch was not interested in offering such deals to streamers, arguing that they are not economically viable.

Source: Hindustan Times January 16, 2024 15:53 UTC