Amazon's Prime Video and MGM Studios Divisions to Lay Off Hundreds of Employees
- 5 months ago
Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions, as Amazon looks to prioritize investments and focus on content and products delivering the most impact. Mike Hopkins, the senior vice president overseeing those units, informed staff of the cuts in a memo. Areas facing reductions or discontinuation of investments were identified after reviewing the business. The cuts are part of Amazon's ongoing restructuring, which has seen over 27,000 jobs cut since late 2022.