Amazon laid off “several hundred” employees on Wednesday in the MGM Studios, Prime Video, and Twitch divisions. Employees were let go in an email sent by Senior Vice President Mike Hopkins.
“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,” Hopkins wrote in the memo that was obtained by CNBC. “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
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