Tech layoffs are persevering with, with Amazon.com Inc. slicing “several hundred” roles throughout its Prime Video and MGM Studios group, in line with an e-mail despatched to workers Wednesday morning. In a separate announcement, Twitch, the Amazon-owned live-streaming platform, stated it’s slicing over 500 jobs.
“Throughout the past year, we’ve looked at nearly every aspect of our business with an eye towards improving our ability to deliver even more breakthrough movies, TV shows, and live sports in a personalized, easy to use entertainment experience for our global customers,” Mike Hopkins, SVP of Prime Video and Amazon MGM Studios, stated within the word, which was offered to MarketWatch by Amazon
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“As a result, 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.”
“As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization,” Hopkins added.
Related: Tech layoffs within the highlight once more as 2024 kicks off with Xerox job cuts
Amazon noticed waves of layoffs in 2023, with the tech big saying 18,000 job cuts final January, and one other 9,000 in March. In November Amazon stated that it’s slicing a number of hundred jobs associated to its Alexa good assistant, with the corporate shifting extra sources towards generative AI.
Twitch additionally introduced layoffs Wednesday. In an e-mail to workers that was shared as a weblog put up Twitch CEO Daniel Clancy stated the corporate is making simply over 500 job cuts. “Today I have some incredibly difficult news to share. As you all know, we have worked hard over the last year to run our business as sustainably as possible,” he wrote. “Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch.” The cuts account for 35% of the corporate’s workforce, in line with Bloomberg.
Tech layoffs are within the highlight once more after Xerox Holdings Corp.
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introduced plans to chop 15% of its workforce final week. On Monday videogame software program maker Unity Software Inc.
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stated it plans to chop round 1,800 workers, or 25% of its workforce.
Related: Unity Software to chop 25% of workers amid continued restructuring
The tech sector noticed a slew of job cuts final yr, with 1,186 corporations around the globe making 262,682 layoffs in 2023, in line with the web site Layoffs.fyi.
Jon Swartz and Bill Peters contributed.
Source web site: www.marketwatch.com
