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Twitch your failure once again to give the people that pay your bills a valid notice period & functional tools before enacting changes that can cause them an unlimited number of hours of work under stressful and panicked pressure cannot go unchallenged.
You are neglecting and punishing the most loyal users of your platform.
Why? Because live content is your monetised platform, not storage with few views and no monetisation. From a business perspective your are right that this is a cost cutting exercise. But the amount you will save is not going to save or improve your business - and the effects here are DIRECTLY pushing people to utilise a competitors platform who manage their storage better.
Should you still not value the loss leader that is cold unmonetised storage, alternative options are out there - such as charging per 1000h storage for active accounts, and leaving inactive accounts to rest in peace as noone is able to export them.
Do better, Twitch. While you still have the support of your core user base.