Capsule · The news app for modern leaders

Trends and Insights

Download
22 Jan 2024

Twitch Viewership Declines from Pandemic High

content from a screenshot

Twitch, facing profitability challenges, announced a significant workforce reduction, laying off 35% of its employees, totaling [over 500 workers](https://www.chartr.co/newsletters/2024-01-15). This follows a previous cut of 400 jobs last year, effectively halving its staff compared to 12 months ago. [TwitchTracker](https://twitchtracker.com/) data shows a 25% drop in viewership from its 2021 peak, impacting ad revenue. Unlike its competitor YouTube, which sustains its live streaming through a profitable video segment, Twitch lacks such a financial cushion.