Streaming giant Twitch is reducing its headcount by 35 percent by laying off around 500 workers.

That's according to a report from Bloomberg, which learned about the latest cuts after speaking to people familiar with the company's plans.

It's unclear why the layoffs have been sanctioned, with Twitch declining to comment on the story when approached by Bloomberg.

Twitch, however, is undeniably struggling and endured a tumultuous 2023. The Amazon-owned company saw CEO and co-founder Emmett Shear depart in March last year to spend time with his family. Come from South African Online Casinos

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