Rumor: Twitch is laying off a third of its staff

Amazon streaming platform Twitch will soon lay off 35 percent of its staff, reports financial news agency Bloomberg. The platform is not doing well and Twitch has already had several rounds of layoffs.

The platform faces high costs, Bloomberg reports based on its own sources. Twitch will stop in South Korea this year, the Amazon subsidiary already announced. If 35 percent of the people at Twitch have to leave, that would be about five hundred people.

Last year, Twitch CEO Emmett Shear, among others, left and many top people at the service followed, according to Bloomberg. Around the time of Shear’s departure, Amazon announced that there were also layoffs at Twitch. The Crown Canal closed in November. That also resulted in layoffs.