Twitch—the gamer-friendly interactive live-streaming platform owned by Amazon and headquartered in San Francisco—announced over 500 layoffs Wednesday, following at least two other rounds last year.
San Francisco, CA
San Francisco's Twitch Laying Off Hundreds of Workers Despite Strong Business
The job losses amount to around 35% of the tech firm’s workforce worldwide. Twitch has an office at 350 Bush St. in Downtown San Francisco, close to Union Square.
In a blog post, Twitch CEO Dan Clancy wrote, “We’ve made the difficult decision to reduce the size of our workforce today.”
“At this point in time, we are focused on communicating with our employees and providing them with clarity on how this impacts each of them,” Clancy said. “We greatly value the employees we’re saying goodbye to today as people and professionals and are grateful for all their efforts to support all of you.”
While the post acknowledged that the company paid out over $1 billion to streamers and added that its business “remains strong,” he added that “for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we’re at today. As with many other companies in the tech space, we are now sizing our organization based upon the current scale of our business and conservative predictions of how we expect to grow in the future.”
Prior cuts at Twitch last March and October affected multiple company divisions, with the firm planning to outsource some roles to third-party vendors. In December, the company announced it would shut down its operations in South Korea at the end of February, citing “prohibitively expensive” conditions despite cost-reduction efforts.
A spokesperson at Twitch did not immediately return a request for comment Wednesday morning from The Standard.
San Francisco, CA
SFO experiences little disruption on one of busiest travel days
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.
San Francisco, CA
Dolphins keep playoff hopes alive with 29-17 win over 49ers, who were eliminated Sunday afternoon
MIAMI GARDENS, Fla. — – Tua Tagovailoa threw for 215 yards and a touchdown, Jason Sanders nailed five field goals, and the Miami Dolphins kept their playoff chances alive by beating the San Francisco 49ers 29-17 on Sunday.
The 49ers were eliminated from the playoffs before the game because of wins by the Los Angeles Rams and Washington Commanders earlier Sunday. The loss ensured that last year’s NFC champions will have a losing season for the first time since 2020.
The Dolphins (7-8) helped their chances of making the playoffs for a third straight season, but will need to win their final two games and get help from losses by the Broncos, Chargers and Colts for that to happen.
Trailing by nine early in the fourth, San Francisco quarterback Brock Purdy found tight end Eric Saubert for a 2-yard score that cut the lead to 19-17, but the Niners couldn’t get past self-inflicted wounds.
After punting the ball back to Miami with 6:45 left, San Francisco was hit with consecutive penalties for illegal substitution, unnecessary roughness and offsides to give Miami 25 yards, helping set up Sanders’ 48-yard field goal that stretched the Dolphins’ lead to five.
The 49ers were penalized 11 times for 90 yards.
Cornerback Kader Kohou then intercepted Purdy on the next drive, after the quarterback was pressured by defensive tackle Calais Campbell. Dolphins running back De’Von Achane sealed it with a 50-yard touchdown run.
Tagovailoa finished 22 of 34. Purdy was 26 of 40 for 313 yards and two touchdowns.
Tyreek Hill’s inconsistent season continued. He caught just 3 of 7 targets for 29 yards and a touchdown, with drops on the first two drives of the game and another on a potential touchdown in the third.
Jonnu Smith caught six passes for 62 yards to set the Dolphins’ single-season franchise record for receptions (76) and receiving yards (802) by a tight end.
Sanders was 5 of 5, including a 54-yarder, which made him 11 of 13 on field goals of 50-plus yards this year. San Francisco’s Jake Moody missed a 41-yarder in the third.
Deebo Samuel caught his first touchdown since Week 6 on a 16-yard score in which he muscled through several defenders on his way into the end zone.
Miami moved into 49ers territory three times in the first half but settled for field goals before Hill’s 3-yard touchdown catch from Tagovailoa that put the Dolphins ahead with 3:20 left in the second.
Purdy then drove San Francisco 67 yards down the field to set up Moody’s 21-yard field goal to cut Miami’s lead to 13-10 at halftime.
Injuries
49ers: LB Dre Greenlaw (right calf), LG Aaron banks (knee) and LT Jaylon Moore (quad) left with injuries. … DE Leonard Floyd played through a shoulder injury suffered in the first quarter.
Dolphins: WR Jaylen Waddle did not play because of a knee injury suffered last week. … CB Kendall Fuller (knee) and LB Jordyn Brookes (quad/knee) left in the second half.
Up next
49ers: Host Detroit on Monday Dec. 30.
Dolphins: At Cleveland next Sunday.
——
AP NFL: https://apnews.com/hub/nflbr/]
Copyright © 2024 ESPN Internet Ventures. All rights reserved.
San Francisco, CA
SF is the only city where it's cheaper to buy a home now than in 2019
San Francisco is the only major U.S. city where it’s cheaper to buy a home now than it was five years ago, according to data from real estate listing site Zillow.
Of the 100 largest U.S. cities by population, San Francisco is the single example that saw home values fall between November 2019 and November 2024, based on what the company calls the “Zillow price index.”
The city saw the typical home price decline by 3.7% during that period. All other cities saw prices increase. Across the Bay, Oakland had the smallest increase, with the average home value rising 2.1%. Among other major U.S. cities, prices rose 37.58% in Los Angeles; 38.34% in Austin, and 69.26% in Miami.
Cheaper is one thing. But cheap? That’s a different story.
According to Zillow, the typical home value in San Francisco in November 2024 was $1.26 million, versus $1.31 million five years ago. In 2019, San Francisco had by far the highest typical home price across all major cities, coming in more than 30% over second-place San Jose.
In 2024, San Francisco was one of four cities, all in California, with typical home prices over $1 million.
Kara Ng, a senior economist at Zillow, said San Francisco was an outlier in the first place.
“Five years ago, San Francisco was far and away the most expensive city to buy a home in the U.S.,” Ng said, adding that the pandemic fueled the ability for a highly paid but price-constrained workforce to flock to more affordable areas.
-
Politics1 week ago
Canadian premier threatens to cut off energy imports to US if Trump imposes tariff on country
-
Technology1 week ago
OpenAI cofounder Ilya Sutskever says the way AI is built is about to change
-
Politics1 week ago
U.S. Supreme Court will decide if oil industry may sue to block California's zero-emissions goal
-
Technology1 week ago
Meta asks the US government to block OpenAI’s switch to a for-profit
-
Business1 week ago
Freddie Freeman's World Series walk-off grand slam baseball sells at auction for $1.56 million
-
Technology1 week ago
Meta’s Instagram boss: who posted something matters more in the AI age
-
News1 week ago
East’s wintry mix could make travel dicey. And yes, that was a tornado in Calif.
-
Technology2 days ago
Google’s counteroffer to the government trying to break it up is unbundling Android apps