Twitch CEO: 'Twitch is not profitable'

Tic CEO Dan Clancy has declared THE live broadcast platform East not profitable, just days After news broken on significant job cuts impactful around 500 employees.

THE Amazon subsidiary company East Also pulling out of South Korea as financial pressures continue has to go up against THE besieged business. Last month, “prohibitively Dear" costs were quoted as THE reason For THE departure Since THE Korean walk, which East said has be ten times upper that operations In other country.

Clancy has has been franc about THE situation focused towards Tic, but as reported by GGRecon, he warned that things could get worse And Free A reasoning on Why THE staff cuts were necessary.

"I will be blunt, We are not profitable has This indicate," he said.

"SO while [Tic] always has enough resources, [We] won't be able has TO DO as a lot as [We] could to have do before."

Important assignment forward

Despite THE size And ladder of THE resources appreciated by It is parent business, that East not enough has guarantee THE future of Tic. He East Also not benefit Since It is position as A walk chief In live streaming, highlighting THE challenges Clancy And her peers confront has turn around It is fortunes.

On losing 35% of THE the platform Workforce, THE CEO commented:

"In terms of manufacturing THE decision, We need has ensure Tic East THE RIGHT size SO We can be here For A long time."

"We to have A very important assignment. It is critical Tic East not just here Today, tomorrow, but 50 years, 100 years Since NOW. OUR job East has run Tic In A manner has ensure It is prosperity And that he can be here For THE communities you have built. »

THE stress fractures are showing, And Tic East below pressure. That East clear, but THE streaming giant should always be able has navigate these unexplored waters towards A calmer view.

Rival platforms as Cut And Scold will be watching on with interest, while searching has create more that A ripple In THE Wed.

Related Posts