Amazon to Sack hundreds of Employees in its Prime Video, MGM Studios: Report

Amazon is planning to lay off hundreds of employees in its Prime Video and MGM Studios. Mike Hopkins, Senior Vice President of the division, announced the cuts in its staff strength in an email on Wednesday

According to a report in TechCrunch, Hopkins said that the reason for the reduction is to “reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact”.

Amazon has also started to notify the affected workers in the US and will inform most other regions by the end of this week.

The employees facing layoff will get packages that include separation payments, transitional benefits, and external career transition support, the TechCrunch report stated.

Amazon-owned live game streaming platform Twitch is reportedly laying off about 500 employees, 35 per cent of its workforce, this week.