"Amazon's Twitch and Prime Video Units Face Layoffs Amid Profitability Concerns"
TL;DR Summary
Twitch CEO Dan Clancy addressed the recent layoffs in a live Q&A, attributing the decision to the platform's struggle for profitability and overgrowth in recent years. He emphasized the need to ensure Twitch's long-term prosperity and admitted that the company is currently not profitable. Despite the layoffs, Twitch plans to share more about its outlook for 2024 in the coming weeks.
- Twitch CEO Dan Clancy says platform isn’t “profitable” days after widespread layoffs Dexerto
- Before Layoffs, Amazon Prime Video Unit Grew Fastest Business Insider
- Twitch CEO chides staff for leaking news of latest layoffs Los Angeles Times
- Amazon Lays Off Hundreds in Prime Video, Studios Bloomberg Technology
- Amazon layoffs show Big Tech is still coming down from pandemic highs Yahoo Finance
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