Hundreds of Twitch and Prime Video Workers to Be Laid Off

Hundreds of Twitch
and Prime Video Workers , to Be Laid Off.
Hundreds of Twitch
and Prime Video Workers , to Be Laid Off.
According to an internal Amazon memo sent to
staff on Jan. 10, several hundred Prime employees will lose their jobs, 'The Guardian' reports.
We’ve 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. , Mike Hopkins, senior vice-president of Prime Video
and Amazon MGM Studios, to employees.
The news comes the same day that Twitch,
an Amazon subsidiary, revealed that it would
also be laying off about 500 employees. .
We still have work to do to rightsize our
company. For some time now the organization
has been sized based upon where we
optimistically expect our business to be in
three or more years, not where we’re at today, Dan Clancy, Twitch's chief executive, via blogpost.
In recent years, Amazon has invested heavily in its media business, 'The Guardian' reports.
In recent years, Amazon has invested heavily in its media business, 'The Guardian' reports.
Such investments include an $8.5 billion
MGM deal and $46 million for season one of
'The Lord of the Rings: The Rings of Power.'.
Prime Video is expected to roll out ads
on the platform soon.
It will also offer a higher-priced, ad-free subscription tier in various markets. .
Last year, Amazon, Facebook, Microsoft
and Google cut thousands of jobs.
Last year, Amazon, Facebook, Microsoft
and Google cut thousands of jobs.
Last year, Amazon, Facebook, Microsoft
and Google cut thousands of jobs.
Last year, Amazon, Facebook, Microsoft
and Google cut thousands of jobs