This is a most excellent place for technology news and articles.
"As you all know, we have worked hard over the last year to run our business as sustainably as possible. Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch," Clancy wrote.
Cripes I hate corporate newspeak. "Rightsize" isn't a word, and I hope I never encounter it again.
"As 'sustainably' as possible." I love that one, because it makes it sound like they're being kind to nature.
Nope, just profit.
Is twitch or prime video even profitable? I’m pretty sure twitch isn’t but prime might be just due to locking people in to making their e-commerce purchases on amazon
prime might be
It all depends on Amazon's accounting, and whether or not they want it to be profitable.
They can pretend that people are subscribing to prime just for the videos, and then it becomes profitable. Or, they can pretend that people are subscribing to prime for the shipping, and prime video is just a loss-leader they use to encourage people to subscribe.
..so we can make a profit off your work.
You're fortunate that this is the first time you're hearing it, but it's been a business term for quite some time now. I've only ever heard it used as a euphemism for downsizing but one HR lady insisted the term was general, that if you were understaffed you'd still need to right size.
I asked her if in meetings that might lead to some confusion, and she was confident that it never would. She was also an idiot.
When I started getting mentioned in meetings for doing a really good job on tasks that she was supposed to be doing she fired me. She was fired just a few weeks later. Sorry, she was right sized.
This legal responsibility to shareholder profits sure is shitting on everything else. We should change that.
people really shouldn't get to gamble on companies and people's livelihoods
That's just an excuse companies make when they never had the intention of doing the right thing.
Right after the introduction of additional advertising pricing structure. Wow
That is for shareholders not employees silly.
Fun reminder: Jeff Bezos makes $9.6 billion a year :)
As in, on average his wealth increases by that much? Or that he makes that much in income?
They're the same thing, and Elon buying Twitter in cash should have taught you that.
They're not the same thing. Musk paid for twitter partially with borrowed money, partially with money raised by selling Tesla stock. The money he got when he sold that Tesla stock was income. The borrowed money wasn't.
Wait, Amazon owns Twitch?
Damn, do the same 5 companies just own everything now?
Have you been living under a rock or in a comma during the past two decades? Like 5 dudes own 90% of the world.
It's been that way for awhile.
If you have Amazon prime, you can sub to one creator a month "for free."
Justin sold at the right time
