Amazon Announces Major Layoffs at Twitch and Entertainment Division

Twitch CEO Dan Clancy reveals the platform is not profitable, leading to the layoff of 500 staff and plans to sub-lease Twitch's San Francisco office.

Amazon's streaming unit Twitch has announced the layoff of 500 staff, reportedly one third of the company, as it struggles financially.
Amazon is also slashing hundreds of staff in its entertainment division, targeting both movie streaming service Prime Video and Amazon MGM Studio
Twitch CEO Dan Clancy has revealed that the platform is not profitable at this point.
Amazon is also trying to sub-lease Twitch's HQ office in San Francisco.
The layoffs follow an earlier round of cuts at the company last March, when it was announced that 400 workers would lose their jobs.