HR Trend

In 2023, Twitch, a livestreaming platform owned by Amazon, witnessed several high-level departures, prompting the company to reduce its workforce by 500 employees. This amounts to approximately 35% of the team being let go, according to Bloomberg. Last year, Twitch’s chief customer officer, chief content officer, chief product officer, and chief revenue officer all resigned within a few months. The company underwent two rounds of job cuts in 2022, affecting 400 people. Although Twitch has been using Amazon’s infrastructure, running the website has proven to be financially challenging. Despite supporting over a billion hours of live video content each month, the platform has yet to turn a profit. On December 6, 2023, Twitch announced that it would be ending operations in South K...

Unity Gaming to layoff 25% of its workforce