Amazon will cut hundreds of jobs, including at game streaming firm Twitch
CNN
Amazon on Wednesday cut hundreds of jobs across its different business units, including streaming platform Twitch and its film and television studios division.
Amazon on Wednesday cut hundreds of jobs across its different business units, including streaming platform Twitch and its film and television studios division. Amazon is cutting “several hundred” roles across Prime Video and Amazon MGM Studios, according to an internal note shared with CNN. In addition, video game streaming company Twitch, which is owned by the tech giant, said Wednesday it is laying off 500 workers as part of ongoing cost-cutting efforts. Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, said in an internal memo that the company began to reach out to affected employees Wednesday. “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,” he said in the letter. Amazon closed its $8.5 billion deal to acquire MGM in 2022, which helped boost the company’s position in the entertainment world while giving its streaming service, Amazon Prime Video, even more content to fill its already extensive library. Hopkins said the company is “providing packages that include a separation payment, transitional benefits as applicable by country, and external job placement support.”
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