Amazon-owned livestreaming platform Twitch is facing financial difficulties.

Twitch is laying off 500 employees, approximately 35% of its workforce.

This is part of Amazon's larger restructuring effort which includes cost-saving measures across several divisions.

Despite layoffs, Amazon continues to invest in programming, marketing, and product development.

The layoffs respond to industry challenges including competition and controversy surrounding Twitch's content and bans.

The success of these measures in reviving subscriber growth and securing long-term profitability is still uncertain.