Twitch lays off 500 staff • Hacker News Board

Re: Twitch lays off 500 staff

#21

Post by tristan_hjkl » Thu, Jan 11, 2024, 4:08 AM UTC

giancarlostoro wrote: post #20

kernal wrote: post #19

I’m surprised people actually believed Twitch was profitable.

I mean... did you not see how much some of the streamers make in pay outs from the leak a few years back? Some political comentators were pulling at least a million if I remember correctly. There's definitely some money being thrown around. Not sure if its all being thrown around incorrectly, but people definitely pay to watch streamers. Just look up how much the highest paid streamers on Twitch make per month, and y…

How much of that money is "prime" subs though? If streamers are making a million a month off of the attitude of "my other subscription lets me hand them 5 bucks for free, why not?" Then it's not really making money at the rate streamer income would suggest.

Re: Twitch lays off 500 staff

#22

Post by trgn » Thu, Jan 11, 2024, 2:13 PM UTC

cqqxo4zV46cp wrote: post #14

trgn wrote: post #11

Earlier quoted context omitted.

I understand, directionally I'd agree, but practically speaking, would you rather be a computer programmer in an era when VCs are dumping money in software, or in one when this is not case?

No. That is pretty typical HN bias. I’ve too never worked anywhere VC-funded. Any increase in remuneration I’ve received as a result of a tech bubble at the very least has to be weighed up against the indirect downsides. The dominant technologies of the last 10+ years have been influenced by a) nothing needing to be built to last, and b) lots of companies having insanely high head counts resulting in over-engineered…

> has to be weighed up against the indirect downsides

Renumeration is directly measurable (and I think directly attribute to sustained investment in the industry, notably VCs), while the indirect downsides are just harder to pinpoint how and why they arise. e.g. low quality code bases ... I've seen that in all types of organizations, I've also seen very high quality code in VC-funded startups.

Re: Twitch lays off 500 staff

#23

Post by trgn » Thu, Jan 11, 2024, 2:15 PM UTC

dasil003 wrote: post #16

trgn wrote: post #11

Earlier quoted context omitted.

I understand, directionally I'd agree, but practically speaking, would you rather be a computer programmer in an era when VCs are dumping money in software, or in one when this is not case?

Both! I started my professional career in the year 2000 where I learned how to be resourceful. In the 2010s this positioned me to “do more with less” while still cashing in on the overall prosperity and bigger budgets. Now that belts are tightening again, my experience sets me apart from anyone under 35 in tech who spent their entire career in an unprecedented bull market. Change is good, otherwise power structures o…

> my experience sets me apart from anyone under 35 in tech

great to hear. It's nice to hear experienced practitioners speak with confidence about their future prospects. The doom&gloom you read a lot about agism etc.. are scary.

Re: Twitch lays off 500 staff

#24

Post by EdSharkey » Mon, Jan 15, 2024, 8:07 AM UTC

Yhippa wrote: post #17

EdSharkey wrote: post #6

The purple snake should have never cancelled the two-time, back-to-back, 1993, 1994, Blockbuster Videogame Champion.

We still don't know why.

To juice their ESG rating to maintain their bond rating, I imagine. Same reason Gilette and Nike and every other megabrand suicided over the past 5 years. All to keep getting the speculation fiat buckerinos.