Twitch, the popular US video live-streaming service, is reportedly preparing to lay off 500 employees, which would amount to a 35% reduction in its workforce. This comes after the company announced similar layoffs earlier in the year, bringing the total number of employees let go to 1,000 in 2023. The layoffs have sparked speculation about the future of the streaming space, with some suggesting that a buyout may be on the horizon.
Bijan Tehrani, co-founder of rival platform Kick, made waves when he suggested that a buyout of Twitch could be in the cards, stating that it’s only a matter of time. This statement has raised eyebrows and led to questions about the potential impact on the streaming industry.
In response to the speculation, gaming and esports influencer Jake Lucky pondered the potential implications of Twitch’s possible demise. Tehrani took the opportunity to assert that Kick would eventually buy Twitch and transform it into the market’s leading streaming service. He also used the opportunity to promote job opportunities at Kick, indicating that the company is actively hiring.
While Tehrani’s statement is bold, it should be taken with a grain of salt, as Kick is a relatively new player in the streaming industry, having been launched at the start of 2023. However, the platform has been making waves by signing lucrative contracts with well-known streamers and securing sponsorship deals with prominent organizations like Everton FC.
Overall, the news of Twitch’s layoffs and the speculation about a potential buyout by Kick have raised significant questions about the future of the streaming space and the dynamics of competition among streaming platforms. Only time will tell how these developments will ultimately impact the industry.