Twitch CEO Dan Clancy has confirmed that the company is laying off over 500 employees, explaining the reason in a blog post.
In a blog post,Twitch CEO Dan Clancy confirmed the layoffs and shared the email sent to staff.
Twitch CEO confirms massive staff layoffs across company
“I wanted to send a short note to let you know that we’ve made the difficult decision to reduce the size of our workforce today. At this point in time, we are focused on communicating with our employees and providing them with clarity on how this impacts each of them,” he said.
“I’m sharing a copy of the email that I sent out to the company this morning to provide more context on the decision… I know that you will have additional questions about how this might impact the community, and I’ll host a stream on /Twitch on Thursday, January 11 at 1 pm PT to speak with all of you.”
In the email sent to staff, Clancy reveals that just over 500 people will be laid off in the coming days due to the organization being larger than it needs to be.
“So while the Twitch business remains strong, for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we’re at today,” Clancy explained.
“As with many other companies in the tech space, we are now sizing our organization based upon the current scale of our business and conservative predictions of how we expect to grow in the future.”
The Twitch CEO said that he will immediately begin sending out emails to those affected by the layoffs and revealed that they’ll receive news about their severance packages in the coming days.
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Dylan Horetski is a Senior Writer on Dexerto’s US team. He is an expert Entertainment reporter, covering Twitch, YouTube, TikTok, Tech, and viral news. He also has bylines at IGN. You can contact him at: dylan.horetski@dexerto.com
