Twitch lays off 500 staff
venturebeat.com
Twitch lays off 500 staff
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Re: Twitch lays off 500 staff
#2Recent discussion here: https://news.ycombinator.com/item?id=38933315 (yesterday, 405 points)
Re: Twitch lays off 500 staff
#3And PrimeVideo several hundreds too.
Re: Twitch lays off 500 staff
#4Recent discussion here: https://news.ycombinator.com/item?id=38933315 (yesterday, 405 points)
That previous discussion is actually pretty good
Re: Twitch lays off 500 staff
#5As 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.
Re: Twitch lays off 500 staff
#6The purple snake should have never cancelled the two-time, back-to-back, 1993, 1994, Blockbuster Videogame Champion.
Re: Twitch lays off 500 staff
#735% 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
Re: Twitch lays off 500 staff
#8The purple snake should have never cancelled the two-time, back-to-back, 1993, 1994, Blockbuster Videogame Champion.
yayayayayaya
Re: Twitch lays off 500 staff
#9As 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…
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
Re: Twitch lays off 500 staff
#10As 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…
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.