StreamElements Layoffs
January 2023
StreamElements announced a layoff affecting 40 employees (20% of its workforce) in January 2023. The company operates in the Media sector.
40
20%
Jan 10, 2023
About
StreamElements, a gaming and live-streaming technology startup, has laid off 40 employees, representing 20% of its workforce, in January 2023. This marks the second such reduction in seven months, following a similar 20% cut in June 2022. The company, which raised $100 million in 2021, cites a continued slowdown in the advertising market and among content creators, predicting a further drop in growth. The restructuring aims to build a path to profitability amid challenging market conditions.
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