Amazon is planning to cut several hundred jobs across its Prime Video and MGM Studios divisions.
Mike Hopkins, SVP of Prime Video and Amazon MGM Studios, sent a message to staff this week informing them of the job cuts.
In the message, Hopkins said: “Our industry continues to evolve quickly and it’s important that we prioritize our investments for the long-term success of our business, while relentlessly focusing on what we know matters most to our customers. Throughout the past year, we’ve looked at nearly every aspect of our business with an eye towards improving our ability to deliver even more breakthrough movies, TV shows, and live sports in a personalized, easy to use entertainment experience for our global customers.”
Hopkins added: “As a result, we’ve identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact. As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization.”
Amazon acquired MGM Studios for $8.45bn in 2021.
Meanwhile, Amazon is laying off more than 500 employees at its Twitch subsidiary, according to a message from chief executive Dan Clancy.
In an email to employees, Clancy said he was taking the “painful step to reduce our headcount” to “build a more sustainable business”.