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Amazon cutting “hundreds” of jobs at Prime Video & MGM; Twitch lays off 35% of staff

Posted on 1/10/24 at 10:08 am
Posted by Kinderman
Member since Oct 2023
260 posts
Posted on 1/10/24 at 10:08 am
Prime Video and MGM layoffs.

Twitch layoffs.

Bloodbath out there today.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7857 posts
Posted on 1/10/24 at 10:09 am to
Yeah but I heard the economy is on fire so it’s all good.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 1/10/24 at 10:10 am to
quote:

In the announcement, Clancy noted that Twitch paid out over $1 billion to streamers last year, remarking that “while the Twitch business remains strong, for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we’re at today.”


I can believe that number but I have to imagine plenty of their 'viewer' counts are highly inflated or just downright false.
Posted by danilo
Member since Nov 2008
20270 posts
Posted on 1/10/24 at 10:18 am to
They should learn to code
Posted by RefineryRich
Member since Aug 2023
701 posts
Posted on 1/10/24 at 10:24 am to
Sucks to be in a non essential field
Posted by Wermanium
Member since Apr 2016
754 posts
Posted on 1/10/24 at 10:26 am to
quote:

Yeah but I heard the economy is on fire so it’s all good.




Posted by el Gaucho
He/They
Member since Dec 2010
53122 posts
Posted on 1/10/24 at 10:30 am to
Learn to weld


Just kidding most of y’all soft hand computer workers are too dumb to learn a trade
Posted by frequent flyer
USA
Member since Jul 2021
2994 posts
Posted on 1/10/24 at 10:31 am to
quote:

I can believe that number but I have to imagine plenty of their 'viewer' counts are highly inflated or just downright false.



Silicon Valley has an unfortunate culture of deception.
Posted by PurpleandGold Motown
Birmingham, Alabama
Member since Oct 2007
22064 posts
Posted on 1/10/24 at 10:32 am to
I can only speak to Twitch, but a lot of their staff is just unnecessary and Amazon wants them to at least start breaking even. They haven't turned a profit since they were acquired -- not even during the pandemic.

When Elon bought Twitter and fired 75% of the employees, he demonstrated that tech companies can run a lot leaner and Zuck and Bezos have taken note.
Posted by WWII Collector
Member since Oct 2018
7042 posts
Posted on 1/10/24 at 10:35 am to
quote:

Yeah but I heard the economy is on fire so it’s all good.


Greatest economic recovery in the history of our Nation and our Democracy was saved to boot. Plus we got a couple wars started under this Admin too.... Can't say enough about 'em.

This post was edited on 1/10/24 at 10:37 am
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 1/10/24 at 10:42 am to
Some of the numbers in the streams are laughable when the chat room has nothing going on. I guess theyre learning the hard way
Posted by KAHog
South Trough
Member since Mar 2013
2406 posts
Posted on 1/10/24 at 10:46 am to
quote:

by el Gaucho


You’re supposed to be in the thread about alpha males screwing trannies
Posted by dbeck
Member since Nov 2014
29453 posts
Posted on 1/10/24 at 10:50 am to
quote:

You’re supposed to be in the thread about alpha males screwing trannies

He's in the OP.
Posted by tigerfan84
Member since Dec 2003
20363 posts
Posted on 1/10/24 at 10:57 am to
Posted by Ribbed
Baton Rouge
Member since Jun 2023
2745 posts
Posted on 1/10/24 at 11:06 am to
As soon as Prime raised their rates on premium channels and threatened commercials, I cancelled all my premium channels. Stop voting Democrat, Bezos.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26039 posts
Posted on 1/10/24 at 11:11 am to
Buy Amazon and Twitch now because the stocks will certainly rise with the loss of the payroll overhead.
Posted by HeadSlash
TEAM LIVE BADASS - St. GEORGE
Member since Aug 2006
49870 posts
Posted on 1/10/24 at 11:20 am to
Trying to survive in Biden's America.
Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
22792 posts
Posted on 1/10/24 at 11:38 am to
quote:

Twitch


Is that the platform where the girl dressed like an elf or something pretends to eat food and thirsty dudes just throw money at her?
Posted by Water
Louisiana
Member since Jan 2020
741 posts
Posted on 1/10/24 at 11:42 am to
It would be interesting to see the ratio of DEI hires in these layoffs

A lot of the Prime Video and MGM layoffs are a result of the Hollywood strikes where little guys were tricked into striking to get the superstars more money from the studios. Now the little ants are being laid off because productions have now essentially been halved.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9654 posts
Posted on 1/10/24 at 11:43 am to
Yeah. I'm kind of bummed because I have been working hard on my Twitch content. They just don't care about content creators anymore. SMH
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