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The CEO of streaming platform, Twitch, Dan Clancy, has confirmed that the corporate is making layoffs.
In a blog post, the exec mentioned that it was slicing simply over 500 positions on the agency, including that it was “a really exhausting day”.
Clancy mentioned that this resolution has been made to chop prices and make the platform extra environment friendly, as different efforts to take action have failed.
“So whereas the Twitch enterprise stays sturdy, for a while now the organisation has been sized based mostly upon the place we optimistically anticipate our enterprise to be in 3 or extra years, not the place we’re at at the moment,” he wrote.
“As with many different firms within the tech area, we are actually sizing our organisation based mostly upon the present scale of our enterprise and conservative predictions of how we anticipate to develop sooner or later.
“This resolution, whereas extremely tough and painful, is important to make sure that we are able to proceed to serve our streamers sustainably with out impacting their capability to assist their careers on Twitch. A part of what makes this so tough is the fervour that so a lot of you share for the Twitch group, and the exhausting work you’ve put into serving our streamers.”
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