Amazon’s Twitch to Cut 500 Employees, About 35% of Staff::Move is designed to stem losses after two rounds of layoffs last year.
Could it be because it is dog shit? Ad ridden thot farm that killed APIs and exploits people on both ends of the video.
Amazon’s Twitch to Cut 500 Employees, About 35% of Staff
Submitted 10 months ago by L4s@lemmy.world [bot] to technology@lemmy.world
Comments
toiletobserver@lemmy.world 10 months ago
RedditWanderer@lemmy.world 10 months ago
It’s because they pay way too much actually. They expected pandemic like growth to continue. Instead they made an absurd amount of money and are going to tone it down, socialise a bit of losses to realign the graph to something they can bullshit investors with.
mosiacmango@lemm.ee 10 months ago
(I was one of Unity’s 1800, so I know the feeling).
Sorry mate. Keep your head up.
Sludgehammer@lemmy.world 10 months ago
No no, It just means the market is shifting, people are now un-interested in streaming. It has utterly nothing to do with Twitch being run into the ground by the out of touch decrees of management.
Anyway more firings for the smallfolk and fluffier golden parachutes for company nobility.
AbidanYre@lemmy.world 10 months ago
That sounds like it would be right up Amazon’s alley.
porksoda@lemmy.world 10 months ago
What’s the API ordeal? I don’t use Twitch but I’m curious.
TheBat@lemmy.world 10 months ago
Ad ridden thot farm that killed APIs and exploits people on both ends of the video.
Try explaining this sentence to someone from 1980s.
gastationsushi@lemmy.world 10 months ago
Twitch is run like a private equity acquisition. The rates they are forced to pay their parent company, Amazon, are above market value. Twitch’s services will get worse and worse for both streamers and viewers until all the equity is sucked dry. Late stage capitalism y’all.
EnderMB@lemmy.world 10 months ago
Have you got a source on that?
I’d be shocked if this were the case, since internal rates at pretty much any tech company (source: I work there) are anything from 50-99% reduced.
gastationsushi@lemmy.world 10 months ago
I heard from a bigger streamer. But I started believing it because feeds degrade lot more than YT. I constantly get connection issues more than any other streaming service.
I’m vested in some of these smaller streamers, so I don’t want them to lose their income. It feels like twitch is exploiting this sentiment because I’m not alone.
arandomthought@sh.itjust.works 10 months ago
Man, I forgot that Twitch is owned by Amazon…
We really do live in late-stage capitalism, don’t we?scarabic@lemmy.world 10 months ago
Certainly a lot of once beloved online products are reaching late stage enshittification all together. Seems like the Internet is mostly that now, and you have to look hard for anything else.
BigMacHole@lemm.ee 10 months ago
It’s a good thing we didn’t raise their taxes/minimum wages/invest in infrastructure. Otherwise they might have fired a lot of people!
simonced@lemmy.one 10 months ago
/shere, I think you dropped that :)
wellee@lemmy.world 10 months ago
If only Amazon had enough money to keep these employees. Like maybe some extra revenue from ads added onto Prime Video or something.
roofuskit@lemmy.world 10 months ago
Lol, they just jacked up the amount of ads on twitch itself.
EnderMB@lemmy.world 10 months ago
All they had to do was not spunk half a billion on the LOTR show, and they’d have enough money to keep them enjoyed at above market rate for the rest of their working lives…
Blackmist@feddit.uk 10 months ago
Quick, quick, fire everyone before the shareholders realise the entire techbro industry is overvalued by at least 50%!
We’re not a bubble, again, honest!
roofuskit@lemmy.world 10 months ago
This has more to do with interest rates and meeting year over year profit increases.
NuXCOM_90Percent@lemmy.zip 10 months ago
(Sub)Companies like Twitch also have the added mess of being increasingly unmonetizable.
Everyone and their mother loves to mash “enshittification” into their keyboards and grin. But almost all of that is because those companies have been operating at a loss or near loss for years and need to actually find a way to monetize. And the “easy” routes like advertisements and subscription models tend to be rejected with entire communities and industries built around bypassing that.
Like, on reddit, people were actively paying third party randos to bypass the ads on reddit. And on twitch, people lose their minds over getting an ad during a streamer’s sponsored stream that is a giant ad for a different company.
ddkman@lemm.ee 10 months ago
50? Idk the biggest techbro firms NEVER made any money ever. Fucking Spotify is yet to be profitable. Who exactly are they planning to sell more service to?
50 is generous.
DragonTypeWyvern@literature.cafe 10 months ago
You operate on the assumption that just because a company isn’t claiming profits it’s not growing in value, that is just not how the game is played anymore.
Now, sure, the game they’re playing, “Go into debt to buy everything in sight and claim you’re operating at a loss despite increasing the value of your holdings exponentially” was literally outlawed for being a major factor in the collapse that lead to the Great Depression, but they’ve surely learned from that, right?
capt_wolf@lemmy.world 10 months ago
Not shocked at all. Things have gone way downhill since I started with the platform. Time was, I’d start up a stream, a twitch dev would come and hang out and actively chat while they worked. Occasionally they’d ask about my opinion about things that were being developed. It felt like actual, meaningful stuff… That wast ack when it was still Justin.tv and just a little bit after twitch.tv released. When I stopped streaming regularly a couple years ago, even getting a straight answer from a rep on simple questions was like pulling teeth. Then I’d have times where I’d get several different and conflicting responses for simple stuff like if what we were planning for an event would be kosher. Even arranging for some site coverage felt like begging the mob for a favor. “Alright, we’ll get you front page, but it’ll be at 4am, and only for an hour!”
EdibleFriend@lemmy.world 10 months ago
So letting the camgirls strip didn’t save things huh?
Sami_Uso@lemmy.world 10 months ago
“oh no, there’s girls showing their bodies on my gaming app, they’re taking viewers away from my 7 person stream!!!”
xc2215x@lemmy.world 10 months ago
Brutal. Awful to see.
scarabic@lemmy.world 10 months ago
I interviewed there once. They had permanent massage rooms set up and staffed full time. The people in the place were 80% gaming neckbeards, 10% a mix of regular people, and 10% hot nerd gamer babe types they’d hired as eye candy to run around in skimpy outfits. It was so obvious and pretty embarrassing.
adrian783@lemmy.world 10 months ago
… elaborate on the babes?
gmtom@lemmy.world 10 months ago
Its a bit hard to feel bad for them given what an absolute cesspit Twitch is as a company.
Like I understand the people theyre firing wont be the ones making it a shit company, but you still enable it by working there.
NuXCOM_90Percent@lemmy.zip 10 months ago
I don’t like twitch streams so you fucking deserve unemployment
Jesus christ
gmtom@lemmy.world 10 months ago
yeah no that literally not what im saying at all.
For one my criticism is of Twitch the company, not twitch streamers.
Secondly im not saying they deserve unemployment, just i struggle to feel bad for them.
But yeah if you want to completely change my argument to you can be outraged over it, go ahead.
EnderMB@lemmy.world 10 months ago
I don’t buy it. Many people that work there are there because they want to work for a company with lots of users that enjoy their product/service. It shouldn’t be a reflection on them as people, especially as they’re losing their jobs/co-workers, and are now entering a harsh job market.
Snapz@lemmy.world 10 months ago
Headlines all day twitch… This is AMAZON
Lightrider@lemmynsfw.com 10 months ago
#fuckingcapitalists
joemo@lemmy.sdf.org 10 months ago
The more moves I see like this, the more I wonder how anyone in corporate finance has a job.
snek@lemmy.world 10 months ago
Every time Amazon has layoffs, remember that all Jeff had to do was give away an insignificant portion of his wealth and save the employees and the company.
arandomthought@sh.itjust.works 10 months ago
You are right, Mr. crescendo.
snek@lemmy.world 10 months ago
That’s Ms. Crescendo, thank you very much.
And fuck Bezos.
EnderMB@lemmy.world 10 months ago
While he’s still a leading shareholder, it’s worth reminding that Jeff Bezos isn’t CEO any more. Andy Jassy has been CEO for over two years now.
The fact that few people know/care kinda says it all really…