[HN Gopher] Twitch lays off 500 staff
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Twitch lays off 500 staff
Author : heresie-dabord
Score : 68 points
Date : 2024-01-10 20:42 UTC (2 hours ago)
(HTM) web link (venturebeat.com)
(TXT) w3m dump (venturebeat.com)
| thih9 wrote:
| Recent discussion here:
| https://news.ycombinator.com/item?id=38933315 (yesterday, 405
| points)
| nadermx wrote:
| That previous discussion is actually pretty good
| iLoveOncall wrote:
| And PrimeVideo several hundreds too.
| ToucanLoucan wrote:
| As I've said in several of these threads... over the coming years
| we're going to find out how much of the platform-boom Internet
| was built on the back of lighting fields of dump-trucks full of
| money on fire while vaguely waving your hands towards the future
| and something about monetizing user data because unheard-of low
| interest rates made money basically free, and that party has
| ended.
|
| Honestly, I'm excited. I want to see what _else_ we can build
| besides yet another bloody free service anyone can sign up for
| that needs to devour the world and enshittify itself with
| invasive advertising before it too goes bust.
| edgyquant wrote:
| I think in the long run it will be really good. These companies
| have been killing competition with those truck fulls of cash.
| All of these engineers being hungry will lead to a ton of
| innovation over time
| thunderbird120 wrote:
| So many companies from the whole 2010's tech boom just produce
| so little actual value per user that their entire business
| model just collapses once raising additional capital becomes
| even slightly difficult. These massive services are just
| fundamentally broken from a business perspective and have no
| path to profitability regardless of how annoying and obtrusive
| they're willing to become.
| trgn wrote:
| I understand, directionally I'd agree, but practically
| speaking, would you rather be a computer programmer in an era
| when VCs are dumping money in software, or in one when this is
| not case?
| ToucanLoucan wrote:
| I've never worked for a VC firm and wouldn't unless I had no
| other options. I don't like the business model, I don't like
| the pressure to grow ad-infinitum, I don't like the prospect
| of investors who don't understand the business they are in
| dictating the product.
|
| I strictly work for privately owned companies. They're not
| _always_ perfect but the sensible-to-utter-nonsense ratio
| from leadership is FAR, FAR better.
| trgn wrote:
| > I've never worked for a VC firm
|
| I don't think it actually matters (?) All practitioners, in
| VC funded company or not, benefit from frothy demand for
| programmers, even if a lot of that demand is driven by
| "dumb" money. I mean, compare to the years after .com
| crash, or the current lean years. I don't know, I think we
| should prefer the fat years?
| EdSharkey wrote:
| The purple snake should have never cancelled the two-time, back-
| to-back, 1993, 1994, Blockbuster Videogame Champion.
| rangledangle wrote:
| yayayayayaya
| 63 wrote:
| 35% holy shit. Regardless of whether twitch really needed all
| those people, it can't feel great to see 1/3 of your coworkers
| gone, or 1/2 compared to a year ago
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(page generated 2024-01-10 23:01 UTC)