Twitch Hit With Layoffs as Part Of ‘Aggressive Growth Strategy’

Live streaming platform Twitch has laid off several employees, but says that there are plans to grow the company in 2018, including a 30% increase in employees. Twitch was bought by parent company Amazon in 2014, and in January 2018 Twitch acquired three new high-profile executives from other tech companies: Pandora’s Sara Clemens as COO, Rubicon Project’s Mark Weiler as head of platforms, and Slack’s Amir Shevat as vice president of developer experience.

January also saw Twitch announce exclusive streaming rights to The Overwatch League, the official eSports league for Blizzard Entertainment’s mega-popular multiplayer FPS Overwatch – a deal that was reportedly worth at least $90 million. However, this week brought devastating …

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Source:: ScreenRant