Key Points
Twitch, a popular streaming platform owned by Amazon, has laid off more than 500 employees..
Twitch is one of the most popular gaming platforms out there and is a way for thousands of streamers to connect with their audience on a daily basis..
This decision comes after a previous round of layoffs in March 2023 when Twitch cut 400 jobs as part of larger layoffs at its parent company, Amazon..
Clancy then explained that Twitch had paid over USD1 billion to its streamers last year, but the recent layoffs are necessary as the organisation was previously sized based on optimistic expectations for the next few years, not current circumstances..
Meanwhile, Twitch's parent company Amazon's holiday season offer for employees made headlines last year...
