this post was submitted on 12 Jan 2024
88 points (97.8% liked)

Games

16799 readers
599 users here now

Video game news oriented community. No NanoUFO is not a bot :)

Posts.

  1. News oriented content (general reviews, previews or retrospectives allowed).
  2. Broad discussion posts (preferably not only about a specific game).
  3. No humor/memes etc..
  4. No affiliate links
  5. No advertising.
  6. No clickbait, editorialized, sensational titles. State the game in question in the title. No all caps.
  7. No self promotion.
  8. No duplicate posts, newer post will be deleted unless there is more discussion in one of the posts.
  9. No politics.

Comments.

  1. No personal attacks.
  2. Obey instance rules.
  3. No low effort comments(one or two words, emoji etc..)
  4. Please use spoiler tags for spoilers.

My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.

Other communities:

Beehaw.org gaming

Lemmy.ml gaming

lemmy.ca pcgaming

founded 1 year ago
MODERATORS
nanoUFO@sh.itjust.works
88
Twitch "isn't profitable" admits CEO, in wake of recent layoffs (www.eurogamer.net)
submitted 10 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works
9 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] CyberSeeker@discuss.tchncs.de 5 points 10 months ago* (last edited 10 months ago) (1 children)

I mean, yea? Income less operating expenses is profit, so if you can lower operating costs, without compromising the service, your bar to profitability is by definition lower. This is why it is called “right sizing”.

Fta:

"I want to be clear that we still have more than enough resources," said Clancy. "We are still a reasonably sized organisation. We're still going to be able to service your needs. We're still going to be able to improve the product.

[–] sugar_in_your_tea@sh.itjust.works 4 points 10 months ago

My understanding is they tried to break into Korea and absolutely failed when local telecoms jacked up rates to "discourage" competition, and Korea is just corrupt enough to let it slide. I'm guessing there were ideas for other expansion opportunities as well, but with gaming being less popular after COVID lockdowns and investment money drying up, they need to shut down those riskier growth opportunities.

Last year's layoffs were largely around the Korea expansion, and this year is probably similar. I'm guessing they were working on some projects and didn't see the return they were hoping for, hence the pullback.