<p>Twitch, the largest live-streaming platform owned by Amazon, has revealed plans to lay off 500 employees, amounting to approximately 35% of its workforce. This comes as the company faces financial challenges and the departure of key executives. The decision follows recent job cuts at parent company Amazon as well as other divisions such as Prime Video and MGM Studios. The struggling profitability of Twitch is believed to be the primary reason behind the layoffs. In an effort to become a more sustainable business, Twitch has undergone previous rounds of layoffs and operational changes. As part of these restructuring efforts, Twitch also intends to shut down its South Korea operations in February 2024 due to high operating costs. Despite its immense popularity, Twitch continues to struggle with making a profit. The company hopes that these measures will help control costs and streamline its workforce to ensure a more viable future. Twitch is confident that these actions will allow it to focus on its core business and deliver an improved experience to its millions of users worldwide.</p>


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Twitch, the largest live-streaming platform owned by Amazon, is laying off 35% of its workforce due to financial challenges and the departure of key executives. The company hopes that these measures will help control costs and streamline its workforce.

Twitch Announces Layoffs: 500 Employees to Be Cut as Concerns Rise