By Illustration by Nick Barclay / The Verge
Twitch is laying off more than 500 employees, Twitch CEO Dan Clancy announced this morning, reportedly accounting for around 35 percent of its staff. Bloomberg first reported that the video game streaming platform was planning layoffs on Tuesday, and the company confirmed today that the cuts were happening.
“I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch,” Clancy wrote. “This will be a very hard day.”
In March 2023, Twitch cut 400 roles as part of larger layoffs at parent company Amazon that saw 18,000 people lose their jobs. Additionally, several Twitch executives including chief product officer Tom Verrilli, chief customer officer Doug Scott, and chief content…