Amazon-owned streaming company Twitch announced Monday that it had made an “incredibly difficult” decision to lay off around 400 employees.
In a statement attributed to Twitch President Daniel Clancy, the company said that that factors including the economy and user and revenue growth that has slowed, the company was forced to reduce its overall workforce.
“Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. “
This news follows Twitch Co-Founder and CEO Emmett Shear announcing his exit from the company after more than 16 years last week.
Twitch did not disclose in its public statement what it was doing to provide additional support to affected employees such as severance and job placement services.
These cuts are part of a broader layoff at parent company Amazon, which announced cuts (which include Twitch) totalling 9,000 employes across multiple divisions. Amazon’s last round of cuts took place in November, when it laid off approximately 19% of its workforce.
