Amazon’s Twitch to Cut 500 Employees or About 35% of Staff (1)

Amazon.com Inc.’s livestreaming site Twitch is cutting 35% of its staff, or about 500 workers, Twitch chief executive officer Dan Clancy said in a blog post Wednesday morning. The layoffs are the latest in a series of job reductions there.

The cuts, which Bloomberg News earlier reported on Tuesday, come amid concerns over losses at Twitch and after several top executives left the company in the span of a few months.

“Over the last year, we’ve been working to build a more sustainable business so that Twitch will be here for the long run and throughout the year we have cut costs ...