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Amazon on Wednesday laid off “hundreds” of employees across its MGM Studios, Prime Video and Twitch divisions. The employee was fired in an email sent by Senior Vice President Mike Hopkins.
“Over the past year, we have expanded nearly every aspect of our business to improve our ability to offer even more groundbreaking movies, TV shows, and live sports in a personalized, easy-to-use entertainment experience for our customers around the world. ,” Hopkins wrote in a memo obtained. CNBC. “As a result, we were able to increase our investments while also identifying opportunities to reduce or discontinue investments in certain areas and focus on the content and product initiatives that would have the most impact. As a result, we will eliminate hundreds of roles across the Prime Video and Amazon MGM Studios organizations. ”
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Hopkins said the decision to cut jobs is “difficult,” noting that the layoffs are global and it could take up to a week to contact all affected employees.
“It is painful to say goodbye to the talented people at Amazon who have made meaningful contributions on behalf of our customers, teams, and business,” he said. “Thank you for your dedication and work.”
Separately, Twitch, the live streaming unit Amazon acquired in 2014, cut 500 employees on Wednesday.
Amazon last year announced that Chief Executive Officer Andy Jassy would lay off 18,000 employees, the largest in the company’s history, citing tough economic conditions amid the pandemic and rapid hiring in the past few years. has started reducing its workforce.
Related article: Amazon CEO Andy Jassy is focused on “cutting costs”
Amazon had a strong third quarter of 2023, with sales increasing 13% amid cost-cutting efforts.
“With another step forward in service costs and delivery speeds in our store business, continued steady AWS growth, strong advertising revenue growth, and strong overall operating income and free cash flow growth, we are pleased to announce that our third We had a good quarter,” Jassy said at the time.
The company is estimated to have laid off 27,000 employees since last fall.
Amazon was up more than 61% year over year as of Wednesday afternoon.
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