35% of twitch is 500 employees, so few?? Oo
I dunno why I was thinking twitch to be much bigger... when you look at unity which was 7000...
Twitch to Cut 500 Employees, About 35% of Staff
31–40 of 482 posts
Re: Twitch to Cut 500 Employees, About 35% of Staff
#32Earlier quoted context omitted.
More profits. Simple as that.
Even in late-stage capitalism, you do a 5-10% staff cut at most to trim the fat so-to-speak. A 35% cut indicates something with the business is fundamentally wrong. EDIT: I apologize for the completely unintentional derail.
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Re: Twitch to Cut 500 Employees, About 35% of Staff
#33For companies like Twitch or Kick, how much do layoffs like these affect the actual streamers? (Like are the layoffs usually accompanied by them reducing the streamer's revenue share, or things like that?)
Right before this they chose to exit Korea. https://blog.twitch.tv/en/2023/12/05/an-update-on-twitch-in-...
that has nothing to do with staffing. Korea has a uniquely hostile ISP market where service providers want to charge foreign services ridiculous amounts (versus peering agreements in most markets) for access to Korean consumer networks
Re: Twitch to Cut 500 Employees, About 35% of Staff
#34Earlier quoted context omitted.
Interesting. Is it true what they claim? Why is it so much more costly for them to operate in Korea?
Korea changed the pricing model for network traffic to be "sending party pays". For something like OGN that has a literal TV channel it's less of an issue, but for something like twitch that is only Internet, and tons of video, it's more difficult.
>Korea changed the pricing model for network traffic to be "sending party pays".
the pricing model for network traffic to be "sending party pays by volume" and "receiving party pays flat rate".
Re: Twitch to Cut 500 Employees, About 35% of Staff
#35Unity and Twitch doing massive layoffs to start the year? I feel somewhat nervous being in video game adjacent SaaS
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Re: Twitch to Cut 500 Employees, About 35% of Staff
#36The remaining employee's workloads are about to increase 50%
> The remaining employee's workloads are about to increase 50% Keep in mind that execs will get bonuses for cutting costs but the real workers have additional work without a raise. The downward spiral seems almost inevitable - attrition, drop in quality, services turn shitty, loss of revenue, repeat.
With the amount of layoffs tech has had in the last year I imagine attrition is less of an issue. Maybe they factored that in.
Re: Twitch to Cut 500 Employees, About 35% of Staff
#37Earlier quoted context omitted.
> attrition, drop in quality, services turn shitty, loss of revenue, repeat Execs are lauded for cutting costs, parasitically enrich themselves on the carcass of a once-productive business, jump ship to a new host before it all comes crashing down, repeat.
Sounds like a sweet gig, how do I land one?
Bohemian Grove, after the human sacrifice. They throw the skull up at the Owls Nest Camp like flowers at a wedding and the person to catch it becomes the next megacorp executive.
Re: Twitch to Cut 500 Employees, About 35% of Staff
#38Earlier quoted context omitted.
More profits. Simple as that.
Even in late-stage capitalism, you do a 5-10% staff cut at most to trim the fat so-to-speak. A 35% cut indicates something with the business is fundamentally wrong. EDIT: I apologize for the completely unintentional derail.
Maybe they're unwinding some over hiring from when interest rates were low.
Re: Twitch to Cut 500 Employees, About 35% of Staff
#39Earlier quoted context omitted.
More profits. Simple as that.
Even in late-stage capitalism, you do a 5-10% staff cut at most to trim the fat so-to-speak. A 35% cut indicates something with the business is fundamentally wrong. EDIT: I apologize for the completely unintentional derail.
What's "late-stage capitalism"?