Twitch Plans 35% Staff Reduction Following Withdrawal from Korea
Causes Including Excessive Network Usage Fees Burden
Bloomberg News reported on the 9th (local time), citing multiple sources, that live streaming platform Twitch, which recently withdrew from the Korean market, plans to lay off 35% of its entire workforce. The layoff plan is expected to be announced as early as the 10th.
Despite utilizing the infrastructure facilities of its parent company, online retailer Amazon, Twitch incurred significant costs supporting 1.8 billion hours of live streaming video content every month.
Last month, Twitch also ceased its Korean operations as of February 27, citing excessive network usage fees. Twitch had previously laid off around 400 employees in two rounds last year. Toward the end of the year, many senior executives also left the company.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- "Reporters Who First Revealed Jo Jinwoong's Juvenile Offense History Cleared of Juvenile Act Violation"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Bloomberg stated, "Even after nine years since Amazon acquired the company, Twitch's business profitability remains poor."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
