Twitch The CEO explained it very clearly during a live broadcast he attended. The company isn’t making a profit right now, and of course that doesn’t look good.
Live broadcast focused Amazon company Twitch, Since it cannot make a profit, it has been forced to make serious savings lately. Within the scope of his statement, “Amazon has been extremely supportive of Twitch, and the most important thing for us to be sustainable over time is to make sure we don’t lose money.” It can be considered new that says Twitch CEO Dan Clancy at the same time, “We need to make sure Twitch is the right size so we can be here for a very long time.” said. Twitchrecently announced that it would make another major layoff, and in this context unfortunately It started to part ways with another 500 employees. This was not the company’s only recent layoff, the official statement from the company for the previous layoff (signed by Dan Clancy) it was like this: “Today, we shared with our employees the news with sadness that we had to reduce the number of our staff and that we will say goodbye to around 400 of our friends. As a company focused on building community together, we have considered this issue from every angle and making the decision to downsize has been incredibly difficult for us.
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Our mission at Twitch is to empower our communities and empower them to create beautiful things together. It is our duty and responsibility to provide you with the tools you need to build and grow your communities, safely share your passions with the world, and make money doing what you love. We take this responsibility very seriously, and sometimes we may have to make very difficult decisions to ensure the survival of Twitch and its continued support for you.
Like many other companies Twitch is also affected by the current global economic situationWe are falling behind our user and revenue growth targets. Our activities to ensure sustainability Under these circumstances, we had to take the decision to reduce the number of personnel.
Millions of streamers use Twitch to create, grow and engage with communities. Our leadership team and I believe that we have great opportunities to continue to support you and grow Twitch even further. Our most important goal has always been to inspire, enable, and ensure the growth and continuity of our publishers around the world, and this will never change.”