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Amazon’s Twitch to Cut 500 Employees, About 35% of Staff (www.bloomberg.com)

submitted 10 months ago by [email protected] to c/[email protected]

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Amazon’s Twitch to Cut 500 Employees, About 35% of Staff::Move is designed to stem losses after two rounds of layoffs last year.

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[–] [email protected] 15 points 10 months ago (1 children)

This has more to do with interest rates and meeting year over year profit increases.

[–] [email protected] 9 points 10 months ago (1 children)

(Sub)Companies like Twitch also have the added mess of being increasingly unmonetizable.

Everyone and their mother loves to mash "enshittification" into their keyboards and grin. But almost all of that is because those companies have been operating at a loss or near loss for years and need to actually find a way to monetize. And the "easy" routes like advertisements and subscription models tend to be rejected with entire communities and industries built around bypassing that.

Like, on reddit, people were actively paying third party randos to bypass the ads on reddit. And on twitch, people lose their minds over getting an ad during a streamer's sponsored stream that is a giant ad for a different company.

[–] [email protected] 3 points 10 months ago

I literally just turned off Tyler1 after a 2:30 ad started. That's a fucking commercial break.