Twitch CEO Steps Down After 16 Years Following Controversy-Filled Year [Update: 400 Laid Off]

Update: Twitch lays off 400 employees just a few days after its longtime CEO announced his resignation:

leaves big questions about how Twitch will compete in a world dominated by shortform video on platforms like YouTube and TikTok

“With the arrival of my son, the time has come for me to focus my energies on building that tiny little startup family, and I’m ready to dedicate my energies there,” Shear wrote today. “Twitch will always remain part of my extended family, a community where I grew in so many ways alongside Twitch itself.”Shear’s announcement ended up coming just a couple days before layoffs.

. “In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce.”That’s still a small fraction of the total number of employees laid of at Amazon more broadly on Monday. Nine thousand were shown the door, for a combinedin the last few months. It’s not clear if the Twitch layoffs were a catalyst for Shear’s departure, or just coincidental.

Update 3/16/23 5:04 p.m. ET: Added further info about Twitch’s recent challenges and how streamers are reacting to Shear’s departure.

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