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Amazon’s Twitch to Cut 500 Employees, About 35% of Staff (www.bloomberg.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Amazon’s Twitch to Cut 500 Employees, About 35% of Staff::Move is designed to stem losses after two rounds of layoffs last year.

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[–] gastationsushi@lemmy.world 62 points 10 months ago (1 children)

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 23 points 10 months ago (2 children)

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 9 points 10 months ago* (last edited 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 site.

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.

[–] Haha@lemmy.world 5 points 10 months ago (1 children)

I hope you keep your job

[–] EnderMB@lemmy.world 5 points 10 months ago (1 children)

It's not internal information. It's pretty much common knowledge across tech that companies arrange a rate card with their provider. In the instance of Twitch, even though they're mostly a separate entity to the rest of Amazon, they'll almost definitely have a rate card set for AWS resources.

[–] Sarmyth@lemmy.world 12 points 10 months ago (1 children)

I think they meant because 500 people who also work there are losing their jobs.

[–] EnderMB@lemmy.world 9 points 10 months ago (1 children)

Ah, my bad, thanks! To be honest, there is so much fear of layoffs at Amazon that most people are either totally numb to it, or are constantly just waiting for their turn/an opportunity to leave.

[–] ramblinguy@sh.itjust.works 3 points 10 months ago

I feel ya man, I don't work at Amazon but at a fintech startup, and I've survived through so many rounds of layoffs, demotions, and "restructurings" that I'm kinda numb to it all and just waiting for my turn too haha