Twitch to Cut 500 Employees, About 35% of Staff
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Twitch to Cut 500 Employees, About 35% of Staff
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Re: Twitch to Cut 500 Employees, About 35% of Staff
#2Re: Twitch to Cut 500 Employees, About 35% of Staff
#3The remaining employee's workloads are about to increase 50%
Re: Twitch to Cut 500 Employees, About 35% of Staff
#4Hmm, so they’re starting to feel the effects of ZIRP on pause, good.
But they’re also still in the mindset that they need to prevent boobs at all costs.
Say what you want about the anything, ZIRP being on pause is about the greatest thing going right now.
Unless you’re trying to buy a home I guess.
Re: Twitch to Cut 500 Employees, About 35% of Staff
#5For 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?)
Re: Twitch to Cut 500 Employees, About 35% of Staff
#6The 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.
Re: Twitch to Cut 500 Employees, About 35% of Staff
#7For 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-...
Re: Twitch to Cut 500 Employees, About 35% of Staff
#8Hmm, so they’re starting to feel the effects of ZIRP on pause, good. But they’re also still in the mindset that they need to prevent boobs at all costs. Say what you want about the anything, ZIRP being on pause is about the greatest thing going right now. Unless you’re trying to buy a home I guess.
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Re: Twitch to Cut 500 Employees, About 35% of Staff
#9Any idea why south korea is particularly cost prohibitive? i would assume twitch would be very keen to have a presence there.
Re: Twitch to Cut 500 Employees, About 35% of Staff
#10The 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.
> 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.