Amazon.com will lay off a number of hundred staff in its streaming and studio operations, it stated in an inside word on Wednesday as firms lengthen their large job cuts over the previous two years into 2024.
The employees dealing with exit at Prime Video and Amazon MGM Studios within the Americas will likely be knowledgeable on Wednesday and in most different areas by the tip of the week.
The on-line retail behemoth has lower greater than 27,000 jobs final 12 months as a part of a wave of U.S. tech layoffs after the trade employed closely folks through the pandemic.
“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 vp of Prime Video and Amazon MGM Studios, instructed staff in a word seen by Reuters.
The firm has spent aggressively in recent times to bolster its media enterprise, together with the $8.5 billion deal for MGM and round $465 million on the primary season of “The Lord of the Rings: The Rings of Power” on Prime Video in 2022.
Source web site: www.hindustantimes.com
