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A bunch of companies in the technology sector have been laying off some of their employees recently after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online. Now, many of them are making job cuts to help lower costs and bolster their bottom lines. Here's some of the companies that have laid of employees of late:GoogleGoogle said it was laying off hundreds of employees working on its hardware, voice assistance and engineering teams. The company, which is owned by Chinese technology giant Tencent, said 530 jobs were being eliminated, accounting for about 11% of its headcount. AmazonTwitch, which is owned by Amazon, is cutting more than 500 jobs in a bid to save on costs.

Persons: TikTok TikTok, Dan Clancy, Bob Carrigan Organizations: Google Google, Google, Riot Games, “ League, Games, eBay, eBay Inc, Amazon, Amazon’s, MGM Studios, Spotify Locations: Los Angeles , California, Beijing

☆ TECH'S JOB-CUTS JANUARY
▼ + stars: | 2024-01-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But by the third week of the month, layoffs had become a reality for many in tech. More than 70 tech companies have swung the ax so far this year, affecting more than 13,000 workers, according to tracker Layoffs.fyi. January is historically a common month for layoffs as companies adjust budgets and plans for a new year. In January 2023, more than 270 tech companies laid off nearly 90,000 employees, according to Layoffs.fyi.

Persons: —, Sundar Pichai, Dan Clancy, it's, Jason Citron Organizations: Industry, Google, Service, Tech, Workers, Prime, Amazon MGM Studios, YouTube, eBay Locations: TikTok, overhiring

☆ Amazon will cut hundreds of jobs, including at game streaming firm Twitch
▼ + stars: | 2024-01-10 | by ( Clare Duffy | Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon on Wednesday cut hundreds of jobs across two different business units: streaming platform Twitch and its film and television studios division. Amazon is cutting “several hundred” roles across Prime Video and Amazon MGM Studios, according to an internal note shared with CNN. In addition, video game streaming company Twitch, which is owned by the tech giant, said Wednesday it is laying off 500 workers as part of ongoing cost-cutting efforts. Wednesday’s announcement comes after Twitch laid off 400 workers in March of last year as part of broader cuts at parent company Amazon. The layoffs point to ongoing challenges at Twitch, although Amazon does not break out specific results for the unit.

Persons: Mike Hopkins, “, ”, Hopkins, Dan Clancy, Twitch, we’ve, ” Clancy, Clancy, Dataminr Organizations: New, New York CNN, Amazon, Amazon MGM Studios, CNN, MGM, Amazon Prime, Bloomberg, Google, Spotify Locations: New York

☆ The Latest News, Headlines, and Business Stories for November 13
▼ + stars: | 2023-11-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what the $650 billion in unrealized losses means for financial firms. That's the unrealized losses US financial firms wracked up as of September 30, according to Moody's estimate. That means there's a lot of wiggle room for how big banks can portray them on their balance sheet. To be sure, big banks are better capitalized than SVB. Big banks' share prices noticeably dropped as bond prices sunk.

Persons: —, it's, Nikolas Liepins, it'd, Matthew Fox, Dow Jones, isn't, Wall, Jim Chanos, Chanos, Ralph Lauren, Expedia, Apple, Dan Clancy, he's, Tyler Le, Tyson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, NFL, Bank, Bank of America, Orrell, CNBC, NBCU, Apple, Big Tech, Professional, Vegas Golden Knights, Stanley, Tyson Foods Locations: Florida, New York City, San Diego, London, New York

☆ Twitch's CEO has been living his own version of the van life
▼ + stars: | 2023-11-10 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

Twitch CEO Dan Clancy is traveling the US in a van to meet top streamers and hear their concerns. AdvertisementAdvertisementTwitch CEO Dan Clancy is taking an unusual approach to strengthen the relationship between the company's leadership and its community of creators. Higa previously raised over $500,000 in a single online auction to fund her animal sanctuary with help from other big streamers. AdvertisementAdvertisement"He asked a lot of questions about how it works, and how we use Twitch," Higa told Bloomberg. Clancy went viral earlier this year after giving an impromptu singing performance in a Twitch livestream.

Persons: Dan Clancy, Clancy, Emmett Shear, —, He's, Twitch, Tyler, Ninja, Blevins, Higa, DJClancy, John Denver's Organizations: NASA, Service, Bloomberg

For now, tech companies seem to view both trust and safety and AI ethics as cost centers. That included all but one member of the company's 17-person AI ethics team, according to Rumman Chowdhury, who served as director of Twitter's machine learning ethics, transparency and accountability team. Chowdhury referenced an initiative in July 2021, when Twitter's AI ethics team led what was billed as the industry's first-ever algorithmic bias bounty competition. Still, sources familiar with the matter said that following the layoffs, the company has fewer people working on misinformation issues. watch nowFor those who've gained expertise in AI ethics, trust and safety and related content moderation, the employment picture looks grim.

☆ Twitch's new CEO has some pipes! A clip of him singing 'Take Me Home, Country Roads' during an impromptu, low-key livestream has gone viral.
▼ + stars: | 2023-05-12 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Earlier this week the new CEO of Twitch, Dan Clancy, took to his own channel for an impromptu performance. The former NASA researcher started singing classic songs, including 'Take me Home, Country Roads.' Twitch's new CEO, Daniel Clancy, took over the top job at the company in mid-March following the departure of previous CEO Emmett Shear. A clip from an impromptu, after-hours Twitch broadcast — Clancy began streaming on May 10 at 7 PM PT, with a keyboard and microphone at his disposal — has gone viral, showing the former NASA researcher singing "Take Me Home, Country Roads." "*Twitch's CEO has been banned due to copyright infringement*," one user joked in a reply to the now viral video.

☆ Elon Musk's $1 million Twitter bounty
▼ + stars: | 2023-04-04 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Elon Musk's $1 million bounty. Twitter CEO Elon Musk has some kind of bounty out for whomever is behind the botnets that he says target certain users and suppresses the reach of their tweets. Million dollar bounty if convicted" in response to a Twitter user who claimed that botnets "silence" certain accounts. Musk and the user were referring to a thread where another user analyzed Twitter's recently open-sourced algorithm. Twitter users called attention to the difficulty in seeing direct messages that mention "gay", "queer", and "trans."

☆ Leaked email shows even Twitch's CEO was caught off guard by Amazon's layoffs: 'I'm disappointed to share the news this way'
▼ + stars: | 2023-04-03 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

The CEO of Amazon-owned Twitch wrote that he's "disappointed" to share news of layoffs before each affected employee was told. His email reflects Amazon's lack of transparency over its layoff process, which affected roughly 25,000 employees since late last year. Amazon employees have complained about the ambiguity, which contradicts the company's commitment to creating "Earth's Best Employer." The email was separate from the public message Clancy shared on Twitch's blog on the same day. Just over 400 people were let go at Twitch as part of the new 9,000 being cut, this email explained.

☆ Twitch cofounder says he’s stepping down as CEO to raise his baby: ‘I want to be fully there for my son as he enters this world’
▼ + stars: | 2023-03-17 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Twitch CEO Emmett Shear announced he is stepping down to care for his newborn son. "Twitch has been like my family, the place I've spent more of my waking hours than anywhere else," Shear wrote on Twitch's blog Thursday. "So it is with great poignancy that I share my decision to resign from Twitch as CEO," Shear wrote. "I want to be fully there for my son as he enters this world and I feel ready for this change to tackle new challenges. "Thank you, everyone, for your support, your critical thoughts, your trust, and your help," Shear wrote.

☆ Twitch CEO Emmett Shear to step down, president Clancy to take over
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - Amazon.com Inc-owned (AMZN.O) Twitch's Chief Executive Officer Emmett Shear said on Thursday he will resign from the role after over 16 years at the live video streaming company. Twitch's president, Dan Clancy, who has been at the company since 2019 will take on the role of CEO effective immediately, Shear said in a blog post, adding that he will remain on as an advisor. "In October 2006 we started working on live video for the internet. More than 16 years later, I'm now a father and ready to move to my next phase of life," Shear tweeted. Shear co-founded live streaming platform Justin.tv which became Twitch in 2011 and quickly gained traction in the gaming community.

☆ Amazon's Twitch CEO steps down nearly 10 years after acquisition
▼ + stars: | 2023-03-16 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

Emmett Shear, the CEO of Amazon 's live streaming service Twitch, is stepping down from his role, effective immediately, the company announced Thursday. After buying Twitch, Amazon was largely hands-off with the business, though it has offered Prime subscribers perks on the live streaming platform, like free games and in-game loot. Shear will be replaced by Twitch President Dan Clancy, who has been a "close partner" to Shear, he wrote in a blog post. "Twitch will always remain part of my extended family, a community where I grew in so many ways alongside Twitch itself." Earlier this month, Ring CEO Jamie Siminoff announced he was stepping down from his role at the home security subsidiary.

☆ Twitch conducts layoffs on its recruiting team and plans to reduce hiring in 2023
▼ + stars: | 2022-11-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Twitch has laid off staff on its recruiting team as it plans to reduce hiring in 2023. No additional cuts will be made as a result of the ongoing layoffs at parent company Amazon, a spokesperson said. Twitch has conducted layoffs on its recruiting team, a company spokesperson confirmed to Insider, adding that the decision reflects its plans to reduce hiring in 2023. The Twitch spokesperson noted that only the recruiting team was impacted, and that the cuts were not the result of parent company Amazon's ongoing layoff plans. At least four LinkedIn users who identified themselves as former Twitch employees publicly shared that they'd been laid off.

☆ Read Twitch's full email to staff about its creator pay changes, which sparked questions internally and blowback in the streaming community
▼ + stars: | 2022-09-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +6 min

We know this announcement will garner significant attention from our community, both positive and negative," he said. Twitch's recent changes to the way it pays top streamers have raised questions internally, on top of the backlash the moves sparked from creators on social media. In his email, Clancy also asked employees to "refrain from contributing to the noise online via Twitter, Twitch, etc." In addition to his internal email, Clancy publicly announced the changes to the way Twitch pays top creators in a blog post. I'll share more at the All Hands this Thursday, September 22 at 1pm PT and answer any questions you may have.

☆ Leaked memo shows what Twitch's president told staff as the platform changed the way it pays top creators, sparking blowback in the streaming community
▼ + stars: | 2022-09-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +6 min

Twitch president Dan Clancy wrote to staffers as the streamer rolled out divisive changes. We know this announcement will garner significant attention from our community, both positive and negative," he said. Twitch's recent changes to the way it pays top streamers has raised questions internally, on top of the backlash it sparked from creators on social media. In addition to his internal email, Clancy publicly announced the changes to the way Twitch pays top creators in a blog post. I'll share more at the All Hands this Thursday, September 22 at 1pm PT and answer any questions you may have.

☆ A top Twitch creator exec has resigned from the livestreaming giant
▼ + stars: | 2022-09-23 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Twitch's SVP of global creators Constance Knight has resigned from the livestreaming company. Her exit arrives amid an explosive week at Twitch that included a divisive change to its monetization model. Twitch's SVP of global creators Constance Knight is leaving the company, a Twitch spokesperson has confirmed to Insider. Knight joined Twitch in July 2021 from Instagram, where she formerly served as global head of content curation for short-form video. The move sparked backlash on Twitter among some top Twitch creators and former employees, with even former COO Sara Clemens seeming to disapprove of the changes.

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