Amazon laying off hundreds at Prime Video, MGM Studio, Twitch divisions

foxbusiness.com:

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Tech and retail giant Amazon.com is trimming its headcount further with fresh rounds of layoffs, this time in its media divisions.

Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios informed staff in an internal memo Wednesday that the organization would be «eliminating several hundred roles» by the end of this week.

Amazon's Prime Video and MGM Studios division announced Wednesday it is laying off hundreds of workers between now and the end of the week. (Jonathan Raa/NurPhoto via Getty Images / Getty Images)

Hopkins explained in the note, which Amazon shared with FOX Business, that the reasoning behind the layoffs is that the company has «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.»

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He said the job cuts were a «difficult decision,» and noted that the employees impacted would receive severance packages that include transitional benefits and assistance with external job placement.

Amazon-owned Twitch announced Wednesday it is cutting its staff by 35%. (Rafael Henrique/SOPA Images/LightRocket via Getty Images / Getty Images)

Separately on Wednesday, Amazon's Twitch service announced its own «difficult update,» sharing on its blog an email from CEO Dan Clancy to employees earlier in the day informing them the company is slashing its headcount by 35% to around 500 people.

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