Amazon said Monday that it would cut an additional 9,000 jobs at the company, including at Twitch, its platform that features live streams and creators.
As tech giants lay off scores of workers amid a sector-wide downturn, employees who once considered the Silicon Valley companies a safe long-term bet are reconsidering their allegiances.An Amazon representative said the reductions would not hit Culver City-based Amazon Studios, the company’s film and television business. In his memo, Jassy did not specify how many positions would be eliminated at Twitch, which has an office in San Francisco.
Twitch’s chief executive, Emmett Shear, announced last week that he was stepping down and that he would work in an advisory role. He said he was doing so to spend more time with his son. He had been CEO since 2011. Dan Clancy became the new chief executive after previously serving as president.Inside the library of a Hollywood Hills home, actress Tiffany Chu gazed expectantly at the camera, waiting for guidance from the audience.
Amazon bought Twitch in 2014 for $970 million as a way for the company to expand its footprint in gaming and cultivate a relationship with the platform’s more thanwhich included gamers, esports organizations, publishers and other creators at the time. Today Twitch has about 2.58 million concurrent viewers, and there have been challenges regarding its growth, according to Ray Wang, a principal analyst at Palo Alto-based Constellation Research. Viewership declined 6% in 2022 compared to 2021, Wang said.It’s an area that other media companies have also had to grapple with, where there was a surge of viewership during the early days of the COVID-19 pandemic as people stayed home and looked to entertain themselves.
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