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In addition to the500 layoffs at Twitch , Amazon is also making excision to Prime Video and MGM Studios , laying off “ several 100 ” of employees , fit in to a memorandum obtained by TechCrunch .
The Informationbroke the news of the layoffs .
Mike Hopkins , senior vice chairperson of the variance , annunciate the cutbacks in an email on Wednesday , noting that the reasonableness for the decrease is to “ cut down or break off investment in certain region while increase our investment and concentre on content and product enterprisingness that deliver the most impact . ”
Amazon has start to notify the affected workers in the U.S. and will inform most other regions by the final stage of this workweek . The ship’s company is allow for them with packages that include a separation payment , transitional benefit and external vocation transition financial support .
“ Our prioritization of initiatives that we know will move the needle , along with our continued investments in computer programing , marketing and product , positions our business for an even stronger future , ” Hopkins add .
Nearly a year afteracquiringMGM for $ 8.5 billion in 2022 , AmazonlaunchedAmazon MGM Studios Distribution to certify Amazon Originals and other titles to streaming services and cable caller in an effort to earn more revenue .
Twitch is lay off another 500 employees
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This is the latest round of layoffs at Amazon , lend to thesignificant listing of cut in 2023 , like thehundredsof employees in the Alexa division , over 180 rolesin Amazon ’s gaming sphere as well as thethousandsimpacted across Amazon Stores business , its AWS cloud unit of measurement and advertising arm , among other areas of the ship’s company . At the end of 2022 and continuing through 2023 , Amazon laid off 27,000 Book of Job , or 8 % of its corporate workforce , marking the most layoff in the technical school behemoth ’s history .
The cuts also come a few weeks before Prime Video willshow adson the cyclosis service . Prime customers — who are already pay $ 14.99 per calendar month for the service — must pay an extra $ 3 per month if they want to hit the ads .
