Massive job cuts at Twitch, employees left in limbo

Onur Demirkol
Mar 21, 2023
Companies
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Twitch announced that it had made the difficult decision to reduce the size of its workforce, laying off over 400 employees.

Twitch co-founder and CEO Emmett Shear recently announced that he is leaving his duties because he wants to spend more time with his newborn son. Dan Clancy was appointed as the new CEO after Shear's departure. Clancy announced the layoffs in the first blog post he published as the new CEO of Twitch.

Just over 400 employees have been affected by this decision, and the company says that the decision was made to ensure it protects the business in order for Twitch to be around for a long time.

"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. In order to run our business sustainably, we've made the very difficult decision to shrink the size of our workforce," says Clancy.

Clancy also said they are confident in their "big" opportunities to support streamers and grow Twitch.

In his first blog post as the new Twitch CEO, Dan Clancy, announced that the company will lay off employees, leaving them in limbo.

Tech giants continue to reduce workforce

Big tech firms like Twitter, Google, and Meta announced similar but significantly larger layoffs than Twitch. It is not a mystery that the technology industry, even the top firms, is currently having hard times. While these companies tried to solve their problems by cutting off the workforce, Apple decided to slow down the hiring process and give fewer bonuses and promotions to existing employees.

On the other hand, Twitch is owned by Amazon, which is expected to reduce its workforce by an additional 9,000 individuals. It was known that this reduction would impact employees in various roles in AWS, Twitch, advertising, and human resources. Today, Clancy said just over 400 employees are laid off, which means around 8,600 Amazon employees' jobs are still in danger.

CEO Andy Jassy said that Amazon's businesses have "added a significant amount of headcount over the past several years. But the "uncertainty" of the current and future economy means Amazon has "chosen to be more streamlined in our costs and headcount."

Twitch layoffs are just the start for Amazon employees. In the next few weeks, almost 8,600 more people will be laid off, following the elimination of 18,000 jobs in January. Apart from Amazon, Meta laid off more than 21,000 employees, Microsoft laid off 10,000 people in January, and Google cut 12,000 employees a couple of days after Microsoft.

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Comments

  1. The Dark Lady said on July 9, 2023 at 11:19 am
    Reply

    Martin, I would appreciate that you do not censor this post, as it’s informative writing.

    Onur, there is a misleading statement “[…] GIFs are animated images …”. No, obviously you don’t seem to have take much notice of what you were told back in March regarding; Graphics Interchange Format (GIF).

    For example, https://www.ghacks.net/2023/03/31/whats-gif-explanation-and-how-to-use-it/#comment-4562919 (if you had read my replies within that thread, you might have learnt something useful). I even mentioned, “GIF intrinsically supports animated images (GIF89a)”.

    You linked to said article, [Related: …] within this article, but have somehow failed to take onboard what support you were given by several more knowledgeable people.

    If you used AI to help write this article, it has failed miserably.

  2. KeZa said on August 17, 2023 at 5:58 pm
    Reply

    AI is stupid, and it will not get any better if we really know how this all works. Prove me wrong.. https://www.youtube.com/watch?v=4IYl1sTIOHI

  3. Database failure said on August 18, 2023 at 5:21 pm
    Reply

    Martin, [#comment-4569908] is only meant to be in: [https://www.ghacks.net/2023/07/09/how-to-send-gifs-on-iphone-two-different-ways/]. Whereas it appears duplicated in several recent random low-quality non relevant articles.

    Obviously it [#comment-4569908] was posted: 9 July 2023. Long before this thread even existed… your database is falling over. Those comments are supposed to have unique ID values. It shouldn’t be possible to duplicate the post ID, if the database had referential integrity.

  4. Howard Pearce said on August 25, 2023 at 12:24 pm
    Reply

    Don’t tell me!

    Ghacks wants the state to step in for STATE-MANDATED associations to save jobs!!!

    Bring in the dictatorship!!!

    And screw Rreedom of Association – too radical for Ghacks maybe

  5. Howard Allan Pearce said on September 7, 2023 at 9:13 am
    Reply

    GateKeeper ?

    That’s called “appointing” businesses to do the state’s dirty work!!!!!

    But the article says itself that those appointed were not happy – implying they had not choice!!!!!!

  6. owl said on September 7, 2023 at 9:50 am
    Reply

    @The Dark Lady,
    @KeZa,
    @Database failure,
    @Howard Pearce,
    @Howard Allan Pearce,

    Note: I replaced the quoted URI scheme: https:// with “>>” and posted.

    The current ghacks.net is owned by “Softonic International S.A.” (sold by Martin in October 2019), and due to the fate of M&A, ghacks.net has changed in quality.
    >> ghacks.net/2023/09/02/microsoft-is-removing-wordpad-from-windows/#comment-4573130
    Many Authors of bloggers and advertisers certified by Softonic have joined the site, and the site is full of articles aimed at advertising and clickbait.
    >> ghacks.net/2023/08/31/in-windows-11-the-line-between-legitimate-and-adware-becomes-increasingly-blurred/#comment-4573117
    As it stands, except for articles by Martin Brinkmann, Mike Turcotte, and Ashwin, they are low quality, unhelpful, and even vicious. It is better not to read those articles.
    How to display only articles by a specific author:
    Added line to My filters in uBlock Origin: ghacks.net##.hentry,.home-posts,.home-category-post:not(:has-text(/Martin Brinkmann|Mike Turcotte|Ashwin/))
    >> ghacks.net/2023/09/01/windows-11-development-overview-of-the-august-2023-changes/#comment-4573033

    By the way, if you use an RSS reader, you can track exactly where your comments are (I’m an iPad user, so I use “Feedly Classic”, but for Windows I prefer the desktop app “RSS Guard”).
    RSS Guard: Feed reader which supports RSS/ATOM/JSON and many web-based feed services.
    >> github.com/martinrotter/rssguard#readme

  7. Anonymous said on September 14, 2023 at 6:41 pm
    Reply

    We all live in digital surveillance glass houses under scrutiny of evil people because of people like Musk. It’s only fair that he takes his turn.

  8. Anonymous said on September 18, 2023 at 1:31 pm
    Reply

    “Operating systems will be required to let the user choose the browser, virtual assistant and search engine of their choice. Microsoft cannot force users to use Bing or Edge. Apple will have to open up its iOS operating system to allow third-party app stores, aka allow sideloading of apps. Google, on the other hand, will need to provide users with the ability to uninstall preloaded apps (bloatware) from Android devices. Online services will need to allow users to unsubscribe from their platform easily. Gatekeepers need to provide interoperability with third-parties that offer similar services.”

    Wonderful ! Let’s hope they’ll comply with that law more than they are doing with the GDPR.

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