Twitch Streamlines Business Operations, Cuts Over 400 Jobs

According to a statement made by Dan Clancy, the new CEO of Twitch, the company has made the difficult decision to downsize its workforce, resulting in over 400 employees being let go. As a company that values community-building, this decision was not taken lightly and was made after careful consideration.

Twitch's mission is to empower communities to create together, and the company takes its responsibility to provide its users with the necessary tools to build their communities and pursue their passions seriously. However, the current macroeconomic environment has impacted Twitch's business, with user and revenue growth falling short of expectations. In order to ensure the long-term sustainability of the business, the decision was made to reduce the size of the workforce.

Despite this, Twitch's leadership team remains committed to supporting and growing its community of streamers. While there are rumors circulating that affected employees have not yet been notified, the company has not released any official statement regarding this matter.