(TO UPDATE)
Amazon will lay off hundreds of employees across its Prime Video and MGM Studios divisions. That's how it was communicated Mike Hopkins, Head of both departments, through an email sent to employees informing them of the job cuts. In the note, accessed by CNBC, Hopkins explains that the company made this decision to “We prioritize our investments for the long-term success of our company«.
«Over the past year, we have examined nearly every aspect of our business to improve our ability to deliver even more innovative films, TV shows and live sports in a personalized, user-friendly entertainment experience to our global customers.“, he emphasizes Mike Hopkins in the email.
The manager also explains: “As a result, we have identified opportunities to reduce or eliminate investments in certain areas while increasing our investments and focusing on the content and product initiatives that deliver the greatest impact. As a result of these decisions, we will be eliminating several hundred positions within the Prime Video and Amazon MGM Studios organizations.«.
Twitch will lay off 500 employees
These layoffs are in addition to those Amazon will also make on Twitchhis live streaming unit where he announced this 500 jobs will be cut. It is a statement Dan Clancy, Twitch CEOstresses that the cuts are being implemented as part of an effort to “We are adjusting the size of our company and adapting the workforce to the current company size«.
«Over the last year, we've been working to build a more sustainable business so that Twitch can survive long-term, year-round. We have reduced costs and made many decisions to be more efficient«says Clancy, lamenting that «Unfortunately, despite these efforts, it has become clear that our organization is still significantly larger than necessary given the size of our company.«.
«Last year we paid more than $1 billion to streamers. So while Twitch's business remains strong, the size of the organization has for some time been based on where we optimistically expect our business to be in more than three years, rather than where we are today.«says the manager.
Layoffs also in the Audible division
Amazon is also joining in Cuts at the Audible division. According to Business Insider, citing an email from Mr. Audible CEO Bod Carrigan, the company is laying off 5% of the workforce in its audiobook and podcast division. «I want you to know that we are making these decisions to strengthen our business over the long term.«said Bob Carrigan in the email to employees.
These layoffs add to the spate of employee layoffs that occurred in late 2022 and into 2023 when the company was led by Andy Jassy More than 27,000 jobs were cut in almost all areas.
