Live-streaming platform Twitch is set to slash roughly a third of its workforce as part of ongoing efforts to make the business more “sustainable” and “efficient.”

The video streaming platform—which is primarily used to stream video games and was acquired by Amazon in 2014—will cut just over 500 roles, or around 35 percent of its workforce, according to a blog post published on the company’s website on Jan. 10.

“As you all know, we have worked hard over the last year to run our business as sustainably as possible,” wrote Twitch CEO Dan Clancy in the post announcing the “difficult decision” to reduce the size of its workforce.

“Unfortunately, we still have work to do to rightsize our company, and I regret having to share that we are taking the painful step of reducing our headcount by just over 500 people across Twitch,” he continued. “This will be a very hard day. Our service exists to empower communities to create, together, and every single one of you has played a vital role in fostering our community and furthering that mission.”

Mr. Clancy said the San Francisco-based company paid out over $1 billion to streamers last year, but noted that “while the Twitch business remains strong, 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.”

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