Job cuts hit Twitch šŸ’”

Itā€™s Thursday and Mark Zuckerbergā€™s unorthodox approach to cattle ranchingĀ is raising some serious environmental concerns. (For the record, thoughā€”if we were cows, weā€™d be cool with a diet of macadamia nuts and beer.)

ROUND THREE

Twitch is laying off 35% of its workforce

2024 is off to a rough start for Twitch. According to Bloomberg, the streaming platform is letting go of approximately 500 staffers, or around 35% of its workforce.

The context: The last twelve months havenā€™t been easy for Twitch. Between complaints from well-known creators and growing competition from Kick, the platform has been forced to take some extreme measuresā€”including two previous rounds of layoffs and a complete departure from South Korea due to ā€œprohibitively expensiveā€ operating costs.

  • Disruption among Twitchā€™s upper ranks hasnā€™t helped matters. Since March, the platform has dealt with the resignation of former CEO Emmett Shear, the onboarding of new CEO Dan Clancy, and the exit of Chief Revenue Officer Walker Jacobs.

The bigger picture: Twitch isnā€™t the only Amazon-owned company facing massive layoffs. Amazon exec Mike Hopkins told staffers earlier this week that restructuring efforts will affect hundreds of Prime Video and MGM Studios as the ecommerce giant attempts to cut costs.

  • Overall, Amazon has gone through nine rounds of layoffs since November 2022 (per layoffs.fyi)ā€”an indication that Twitchā€™s own job cuts are part of a more systemic issue.

  • TikTokā€™s ecommerce ambitions could soon pose a challenge. As Amazon struggles to cut costs, its Bytedance-owned rival aims to increase Shopā€™s annual U.S. revenue to $17.5 billion in 2024.

Going forward: Twitch will need to tread lightly to ensure that cost-cutting measures donā€™t affect the experience of its creator community. Over the past year, apparent efforts to tap into streamersā€™ revenue have prompted significant backlashā€”and led multiple high-profile streamers to make lucrative deals with Kick.

HEADLINES IN BRIEF šŸ“°

COLUMNS ā€¢ CREATORS ON THE RISE šŸ“ˆ

Jessica McCabe is ready to take her ADHD toolbox into the real world

In 2015, Jessica McCabeĀ had a realization: ā€œI was living at home with my mom and going, ā€˜Wait a second, I was a gifted kid. Wasnā€™t I supposed to be successful?ā€™ā€

How it started: After trying for years to keep up with her peers, McCabe decided that instead ā€œmaybe I could put that amount of effort into figuring out what was getting in my way.ā€

  • She had been diagnosed with ADHD at 12, but had never truly considered what being neurodivergent actually meant. So, McCabe decided to throw herself into researchā€”and to make sure she didnā€™t lose track of her findings, she began makingĀ YouTubeĀ videos.

  • It wasnā€™t long before the creatorā€™s channel began making a difference. After just eight months on YouTube, expert organizations like CHADD (Children and Adults with ADD/ADHD) had begun sharing McCabeā€™s videos as educational resources.

How itā€™s going: These days, McCabe is a full-time creator with 1.6 million YouTube subscribers and a book deal with Penguin Random House. How to ADHD was released earlier this month and has already become a New York Times Bestsellerā€”meaning McCabe is ready to set out on her next big adventure.

Whatā€™s next: The science communicator told Tubefilter that she and her team have a ā€œsecret projectā€ in the works: a second channel called The Wandering Brain. After so many years of research, McCabe is ready to apply her findings to the outside world by trying out everything from glassblowing to waterfall repelling:

ā€œIā€™m at the point where Iā€™ve built up such a great toolbox that Iā€™m ready to go out and just use it now.ā€

DATA ā€¢ U.S. TOP 50 šŸ“Š

This creator is bringing true loveā€™s kiss to YouTube Shorts

Okay, so true love might be a bit of a stretch. The kisses featured on Maddie Joyā€™s YouTube channel tend to be more utilitarian than passionateā€”but that doesnā€™t mean viewers are any less charmed by all the lip-locking.

The strategy: Maddie Joyā€™s channel puts a provocative spin on Shortsā€™ uber-popular challenge genre by daring well-known YouTubers and TikTokers to lock lips on camera. Those videos are an example of fan service at its finest, especially when the influencers in question are dressed as pop culture icons like It, the Joker, and Wednesday Addams.

The stats: The success of Maddie Joyā€™s channel is definite proof that no one really grows out of the teenage truth-and-dare phase. This 2023 recap clip alone has earned over 15 million views since January 2ā€”and thatā€™s only the start of the creatorā€™s meteoric rise to the top.

Maddie Joyā€™s channel rose to new heights this month. Data from Gospel Stats.

  • Over the course of our last seven-day count, Maddie Joyā€™s channel scored 127.1 million weekly views.

  • That whopping total added up to a week-over-week viewership increase of 63%.

  • The result: in just seven short days, Maddie Joyā€™s Shorts hub rose from well outside the top 100 to #34 in our U.S. Top 50Ā chart.

WATCH THIS šŸ“ŗ

Frankie LaPenna shows off his chief asset in a new Shinesty campaign

Chief Asset Officer: Frankie LaPennaā€™s 8.5 million TikTok followers already know that heā€™s ā€œbuilt different.ā€ Now, the ā€œmost caked-up man on the internetā€ is making sure his best assets (and everyone elseā€™s) get the star treatment they deserve:

ā€œEver since I can remember, my inseams have been on life support when it comes to containing this ham. Now I know my money maker is safe, protected in a luxury fabric and supportive pouch.ā€

LaPenna has signed on as Chief Asset OfficerĀ for underwear brand Shinestyā€”and if you have any junk in the trunk, you wonā€™t want to miss his first video on the job.

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Today's newsletter is from: Emily Burton, Sam Gutelle, and Josh Cohen. Drew Baldwin helped edit, too. It's a team effort.