Twitch Reportedly Laying Off Roughly 35% of It's Staff, 500 Employees

As reported by Cecilia D'Anastasio for Bloomberg, Twtich will announce a major round of layoffs to start 2024, with the total amount being reported at 500 employees or 35% of its staff. This will be the third time Twitch downsized its pool of employees, with 400 layoffs last year.

The move comes a few months after the site also indicated it would stop its operations in South Korea. It seems these measures are coming from Amazon's side of the company, as it seeks to turn a small profit out of Twitch.