Amazon’s Twitch to Cut 500 Employees, About 35% of Staff::Move is designed to stem losses after two rounds of layoffs last year.

  • wellee@lemmy.worldEnglish
    11·
    7 months ago

    If only Amazon had enough money to keep these employees. Like maybe some extra revenue from ads added onto Prime Video or something.

  • Blackmist@feddit.ukEnglish
    8·
    7 months ago

    Quick, quick, fire everyone before the shareholders realise the entire techbro industry is overvalued by at least 50%!

    We’re not a bubble, again, honest!

    • ddkman@lemm.eeEnglish
      1·
      7 months ago

      50? Idk the biggest techbro firms NEVER made any money ever. Fucking Spotify is yet to be profitable. Who exactly are they planning to sell more service to?

      50 is generous.

      • DragonTypeWyvern@literature.cafeEnglish
        1·
        7 months ago

        You operate on the assumption that just because a company isn’t claiming profits it’s not growing in value, that is just not how the game is played anymore.

        Now, sure, the game they’re playing, “Go into debt to buy everything in sight and claim you’re operating at a loss despite increasing the value of your holdings exponentially” was literally outlawed for being a major factor in the collapse that lead to the Great Depression, but they’ve surely learned from that, right?

  • gmtom@lemmy.worldEnglish
    4·
    7 months ago

    Its a bit hard to feel bad for them given what an absolute cesspit Twitch is as a company.

    Like I understand the people theyre firing wont be the ones making it a shit company, but you still enable it by working there.

  • BigMacHole@lemm.eeEnglish
    1·
    7 months ago

    It’s a good thing we didn’t raise their taxes/minimum wages/invest in infrastructure. Otherwise they might have fired a lot of people!