Video game streaming company Twitch announced on Wednesday that it will be laying off 500 employees as part of ongoing cost-cutting efforts. Twitch’s CEO confirmed the layoffs, stating that it was a difficult decision but necessary to build a more sustainable business. This comes after the company laid off 400 employees in March last year. The specific areas of the company affected by the cuts were not disclosed. Twitch’s CEO mentioned that affected employees would be notified promptly. The layoffs follow the departures of several top executives in late 2023.
