Subj : Twitch CEO addresses companys layoffs, says the platform isnt 'pr
To   : All
From : TechnologyDaily
Date : Fri Jan 12 2024 17:30:05

Twitch CEO addresses companys layoffs, says the platform isnt 'profitable at 
this point'

Date:
Fri, 12 Jan 2024 17:22:26 +0000

Description:
Twitch CEO Dan Clancy has revealed that the streaming platform isnt 
"profitable at this point."

FULL STORY
======================================================================

The CEO of streaming platform Twitch, Dan Clancy, has publicly spoken about 
the companys recent layoffs , and revealed that right now, we arent 
profitable. 

This came during a community chat hosted on Twitch yesterday (January 11). 
Clancy stated: "We've implied this before, where we say we need to run it 
sustainably, but I'll be blunt: we aren't profitable at this point. Amazon 
has been extremely supportive of Twitch and a big thing for being sustainable 
over time is ensuring that we don't lose money. 

It was confirmed on January 10 that the company is laying off over 500 
people. At the time, Clancy said that it has become clear that our 
organization is still meaningfully larger than it needs to be given the size 
of our business. 

He added: "This decision, while incredibly difficult and painful, is 
necessary to ensure that we can continue to serve our streamers sustainably 
without impacting their ability to support their careers on Twitch. 

Back to Clancys livestream, and the CEO reiterated his confidence to users of 
Twitch that were still going to be able to service your needs. 

Weve very focused on continuing to grow Twitch, and continuing to make Twitch 
the place it has been for so long, he explained. I want to be clear that we 
still have more than enough resources, we are still a reasonably sized 
organization. Were still going to be able to service your needs, were still 
going to be able to improve the product. 

We wont be able to do as much as we would have done before, but I think were 
still going to see a lot happening in [2024] that youll be very excited 
about. [...] Our focus is on making Twitch the best place to live stream, the 
best place to build communities. 

This week, it was also confirmed that both Unity and Discord are making large 
staff cuts, with Unity laying off around 1,800 people and Discord laying off 
170 . 

 Looking for some new games to play? You can find some fantastic 
recommendations on our lists of the best PC games , best PS5 games and best 
Xbox Series X games.



======================================================================
Link to news story:
https://www.techradar.com/gaming/twitch-ceo-addresses-companys-layoffs-says-th
e-platform-isnt-profitable-at-this-point


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