Dan Clancy, Twitch’s new CEO, discussed the recent mass layoffs at the Amazon-owned platform in his first interview<\/a> since replacing founding member Emmett Shear in March<\/a>. The streaming company fired 400 employees after Clancy took over, including positions that were key to keeping the platform safe, according to Bloomberg<\/a>. The layoffs, however, were necessary to keep Twitch running in the long term, according to Clancy.<\/p>
Clancy joined Twitch in 2019 and has an impressive r\u00e9sum\u00e9, having previously worked at Google and NASA. He was Twitch’s president before taking on the CEO position in March as part of a restructuring going on at Amazon, the parent company of the streaming platform. Before being responsible for laying off 400 employees earlier this year, the executive also announced<\/a> Twitch’s decision to cut the top creators’ share of subscription revenue from 70 percent to 50<\/a>, which generated an understandable uproar<\/a> in the community.<\/p>
Although Twitch seems to still reign supreme in the streaming space for gamers, it has strong rivals in the form of TikTok and YouTube Gaming. The latter has stolen multiple names from Twitch in recent years, such as TimTheTatman, DrLupo, Valkyrae, and CouRage<\/a>. But that doesn’t seem to disturb Clancy.<\/p>
One thing is arguably inevitable, though: Twitch needs to assure it is setting good conditions for streamers. Otherwise, higher-profile names will keep leaving the platform, especially with the rise of new platforms like Kick, which is seeking to establish non-exclusivity deals and getting top names like chess grandmaster Hikaru<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"
