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Amazon’s (NASDAQ:AMZN) live streaming site Twitch is expected to cut about 35% of its workforce or 500 workers.
The reductions, which are expected to be unveiled as soon as Wednesday, come amid worries about losses at the live streaming business and after several top executives recently departed, according to a Bloomberg report on Tuesday, which cited people familiar with the matter.
The job cuts come Amazon (AMZN) announced last month that it would shut down its Twitch business in South Korea on Feb. 27 due to high operating costs and network fees.
In March, Twitch laid off over 400 employees after its user and revenue growth did not meet expectations.