Twitch, Amazon’s live-streaming platform is set to lay off 35% of its total workforce, approximately 500 employees as soon as this week.

According to a Bloomberg report that was released today, this round of lay off is attributed to the “concerns over losses” of the company, on top of the departure of several of their top executives.

The live-streaming platform had been trying to boost revenue through a focus on advertisements, but nine years after Amazon’s acquisition of the company, the business has yet to turn a profit, according to Bloomberg sources.

This marks the second large-scale lay off from Twitch after cutting 400 jobs in March 2023, which would result in losing almost 1,000 workers in less than 12 months.

Twitch had also previously announced in December that it would be shutting down its offices and formally exiting the market in South Korea.

Dan Clancy, CEO of Twitch at that time said, “Ultimately, the cost to operate Twitch in Korea is prohibitively expensive and we have spent significant effort working to reduce these costs so that we could find a way for the Twitch business to remain in Korea”.

The games industry continues to be impacted by lay offs, following an announcement by Unity Software just yesterday, saying that it was laying off 25% of its staff amid a “company reset”.