Amazon has confirmed the additional layoffs of several hundred employees, impacting the Prime Video and MGM Studios divisions. This comes just a day after Twitch, another subsidiary of Amazon, announced their own round of layoffs.
Mike Hopkins, the head of Prime Video and Amazon MGM Studios, stated that over the past few years, Amazon has expanded opportunities in all aspects of the business, from movies to TV shows to live sports streaming. However, the company has now identified areas where they need to reduce or eliminate investments in order to prioritize other important business areas. Unfortunately, this decision has resulted in the layoff of several hundred employees.
This is not the first time Amazon has laid off employees. Reports have surfaced since late 2022, indicating that a total of over 27,000 positions have been cut.
TLDR: Amazon has announced additional layoffs, affecting Prime Video and MGM Studios. The company has chosen to reduce or eliminate investments in certain areas, leading to the unfortunate layoff of several hundred employees. These layoffs follow a previous round which saw over 27,000 positions cut.
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