The CEO of the streaming platform Twitch, Dan Clancy, has spoken publicly about the company recent layoffsand revealed that at this time “we are not profitable.”
This occurred during a community chat hosted on Twitch yesterday (January 11). Clancy stated: “We've hinted at this before, when we say we need to run it sustainably, but I'll be direct: we're not profitable right now. Amazon has been a huge supporter of Twitch and a very important thing to be sustainable over time is to ensure that we don't Let's lose money.”
On January 10, it was confirmed that the company will lay off more than 500 people. At the time, Clancy said that “it has become clear that our organization is still significantly larger than necessary given the size of our business.”
He added: “This decision, while incredibly difficult and painful, is necessary to ensure we can continue to serve our streamers sustainably without impacting their ability to support their careers on Twitch.”
Returning to Clancy's livestream, the CEO reiterated his confidence to Twitch users that “we will still be able to meet their needs.”
“We've been very focused on continuing to grow Twitch and continuing to make Twitch the place it's been for so long,” he explained. “I want to make it clear that we still have more than enough resources, we are still a reasonably sized organization. We will still be able to meet your needs, we will still be able to improve the product.
“We won't be able to do as much as we would have done before, but I think we will still see a lot of things happening in [2024] that will excite you very much. […] “Our goal is to make 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 major staff cuts, with Unity lays off about 1,800 people and Discord firing 170.
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