Twitch: Amazon’s Twitch to lay off 35% of workforce: report
The move could be announced as soon as Wednesday, the report added.
The business remains unprofitable nine years after Amazon’s acquisition of the company, the report said.
Twitch did not immediately respond to a Reuters request for comments.
Twitch CEO Dan Clancy said in December that the company would shut down operations in South Korea in February this year, due to high operating costs and network fees.
The company had laid off more than 400 employees in March last year after its user and revenue growth did not meet expectations.
Discover the stories of your interest
The move could be announced as soon as Wednesday, the report added.
The business remains unprofitable nine years after Amazon’s acquisition of the company, the report said.
Twitch did not immediately respond to a Reuters request for comments.
Twitch CEO Dan Clancy said in December that the company would shut down operations in South Korea in February this year, due to high operating costs and network fees.
The company had laid off more than 400 employees in March last year after its user and revenue growth did not meet expectations.