Twitch Says It Will Lay Off 400 Employees

Twitch announced plans to lay off 400 employees at the company. It comes just days after longtime Twitch CEO Emmett Shear said that he would step down from the company to spend time with his family. TechCrunch reports: The layoffs will affect 400 employees at the company and were characterized as an effort to improve Twitch's business outlook in the long term. The reduction is part of Twitch parent company Amazon's plans to let go of 9,000 workers across divisions including its AWS cloud and advertising units.

'Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations,' new Twitch CEO Dan Clancy wrote. 'In order to run our business sustainably, we've made the very difficult decision to shrink the size of our workforce.' While Twitch is still a platform on the upswing, both in terms of its community and its massive cultural impact, the company likely struggled to match its early pandemic highs -- a familiar story we're seeing play out across the tech industry. Further reading: What's Different About These Tech Industry Layoffs?

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