this post was submitted on 10 Jan 2024
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[–] kat_angstrom@lemmy.world 54 points 8 months ago (1 children)

"As you all know, we have worked hard over the last year to run our business as sustainably as possible. Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch," Clancy wrote.

Cripes I hate corporate newspeak. "Rightsize" isn't a word, and I hope I never encounter it again.

[–] prograhammingdev@lemmy.prograhamming.com 48 points 8 months ago (1 children)

Right after the introduction of additional advertising pricing structure. Wow

[–] SinningStromgald@lemmy.world 22 points 8 months ago

That is for shareholders not employees silly.

[–] wellee@lemmy.world 37 points 8 months ago (2 children)

Fun reminder: Jeff Bezos makes $9.6 billion a year :)

[–] NegativeLookBehind@kbin.social 20 points 8 months ago (1 children)
[–] DigitalTraveler42@lemmy.world 3 points 8 months ago (1 children)
[–] andallthat@lemmy.world 1 points 8 months ago

he doesn't even make TEN billions a year? Ha, what a loser!

[–] merc@sh.itjust.works 4 points 8 months ago (1 children)

As in, on average his wealth increases by that much? Or that he makes that much in income?

[–] DragonTypeWyvern@literature.cafe 4 points 8 months ago (1 children)

They're the same thing, and Elon buying Twitter in cash should have taught you that.

[–] merc@sh.itjust.works 0 points 8 months ago

They're not the same thing. Musk paid for twitter partially with borrowed money, partially with money raised by selling Tesla stock. The money he got when he sold that Tesla stock was income. The borrowed money wasn't.

[–] obinice@lemmy.world 14 points 8 months ago (1 children)

Wait, Amazon owns Twitch?

Damn, do the same 5 companies just own everything now?

[–] Wolpertinger@sh.itjust.works 1 points 8 months ago

It's been that way for awhile.

If you have Amazon prime, you can sub to one creator a month "for free."

[–] TigrisMorte@kbin.social 6 points 8 months ago

Bezosibub is desperate for the recession he was promised.

[–] _sideffect@lemmy.world 3 points 8 months ago

Justin sold at the right time