The CEO of streaming platform, Twitch, Dan Clancy, has confirmed that the corporate is making layoffs.
In a blog post, the exec stated that it was chopping simply over 500 positions on the agency, including that it was “a really exhausting day”.
Clancy stated that this determination 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 robust, for a while now the organisation has been sized primarily based upon the place we optimistically anticipate our enterprise to be in 3 or extra years, not the place we’re at immediately,” he wrote.
“As with many different corporations within the tech area, we are actually sizing our organisation primarily based upon the present scale of our enterprise and conservative predictions of how we anticipate to develop sooner or later.
“This determination, whereas extremely troublesome and painful, is critical to make sure that we are able to proceed to serve our streamers sustainably with out impacting their potential to help their careers on Twitch. A part of what makes this so troublesome is the eagerness that so a lot of you share for the Twitch group, and the exhausting work you’ve put into serving our streamers.”