Amazon's Twitch to Cut 500 Employees, About 35% of Staff – Bloomberg

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Move is designed to stem losses after two rounds of layoffs last year.
Twitch headquarters in San Francisco, California.
Amazon.com Inc.’s livestreaming site Twitch is cutting 35% of its staff, or about 500 workers, Twitch chief executive officer Dan Clancy said in a blog post Wednesday morning. The layoffs are the latest in a series of job reductions there.
The cuts, which Bloomberg News earlier reported on Tuesday, come amid concerns over losses at Twitch and after several top executives left the company in the span of a few months.

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