00:00 It's Benzinga and here's what's on the block.
00:02 Amazon laid off workers from its Prime Video and MGM Studios divisions this week,
00:06 affecting hundreds of roles. However, internal Amazon messages suggest the layoffs were more
00:10 widespread than just those divisions and included roles in Amazon Pay and Marketing.
00:14 Some Amazon Pay employees received emails telling them not to come in to work,
00:18 and the layoffs had begun on Tuesday. Marketing roles were also cut separately from the Prime
00:22 Video and Twitch layoffs. An Amazon spokesperson confirmed roles in Amazon Pay account management,
00:27 solutions architecture, and sales were eliminated. The prospective Amazon Pay and Marketing employees
00:31 received severance packages and job support. Amazon has cut over 18,000 jobs total in 2023
00:37 as it faces slowing growth and economic uncertainty. For all things money, visit Benzinga.com.
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