Amazon to lay off hundreds of employees

According to information obtained from Amazon, Mike Hopkins, Senior Vice President of Prime Video and Amazon MGM Studios, mentioned the steps taken in line with the company's long-term vision in a note sent to employees.

However, pointing out that the industry continues to develop rapidly, Hopkins drew attention to the importance of prioritizing investments for long-term success.

Hopkins stated that while increasing investments, they have also identified opportunities to reduce or discontinue investments in certain areas, noting that as a result of these decisions, hundreds of employees in the Prime Video and Amazon MGM Studios organization will be laid off.

Underlining that this was a difficult decision to make, Hopkins announced that they would begin reaching out to those affected by the layoffs today.

Hopkins provided information that they would provide packages containing various special support measures to those being laid off.

TWITCH TO LAY OFF OVER 500 STAFF

Daniel Clancy, CEO of Twitch, which is owned by Amazon, also published a blog post titled "a difficult update regarding our workforce."

Stating that they have made the difficult decision to reduce the size of Twitch's workforce, Clancy shared the email he sent to the company.

Clancy noted that they are taking steps to reduce the number of employees at Twitch by just over 500, stating that they are sizing their organization according to the current scale of the business and cautious forecasts regarding how they expect to grow in the future.

News Source: AA