2/25/2024 0 Comments Credit memo on the behalf![]() ![]() It is hard to say goodbye to talented Amazonians who've made meaningful contributions on behalf of our customers, team and business. This is a difficult decision to make and one that my leadership team and I do not take lightly. We are following local processes, which may include time for consultation with employee representative bodies, possibly resulting in longer timelines to communicate in some countries. Notifications will be sent out shortly, and we expect all notifications in the Americas to be completed this morning (Pacific time), and most other regions by the end of the week. Today, we will begin to reach out to colleagues who are impacted by these role reductions. As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization. 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. 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. Yet, at the same time, our industry continues to evolve quickly and it's important that we prioritize our investments for the long-term success of our business, while relentlessly focusing on what we know matters most to our customers. And, through our acquisition of MGM, we've increased our investments in theatrical films and driven growth in MGM+ and our licensing and third-party production businesses. ![]() Our investments in programming, marketing, and technology have enabled us to expand our selection of blockbuster movies, hit tv series, live sports, the world's largest TVOD catalog along with over 650 partner Channels worldwide, and AVOD services including Freevee – all available in a single destination, delighting customers around the globe. We've taken significant steps towards our long-term vision of making Prime Video the first-choice entertainment destination for customers worldwide, and I'm proud of everything we've accomplished as a team to date. You can read Amazon's full memo to employees below. Amazon's live-streaming platform, Twitch, is also planning to cut 35%, impacting 500 people, Bloomberg reported earlier this week. The layoffs are the latest to hit Amazon, which has cut thousands of jobs over the past year as it sought cost savings across the board. The Hollywood Reporter first reported the news. Hopkins said that the company will begin notifying people impacted by the layoffs today, with all employees in the Americas notified by the end of the day and those in other regions notified by the end of the week. "As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization." "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, SVP of Prime Video and Amazon MGM Studios, said in an email to employees Wednesday morning that was shared with Business Insider. Account icon An icon in the shape of a person's head and shoulders. ![]()
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