The layoffs will reportedly happen in the customer experience unit. Twitch last reduced its workforce in March after its parent company Amazon announced it was eliminating around 9,000 roles.
TikTok parent ByteDance was, at one point, valued at $400 billion. The short-form video hosting service has been banned by various Western governments amid cybersecurity concerns and questions over
Snapchat s parent company Snap said Wednesday it was shutting down its six-month-old ARES business. CEO Evan Spiegel said the company could no longer invest in the unit at this time.