After Google, Amazon announces job cuts; hundreds to get pink slips

Amazon is set to layoff several hundred employees in its streaming and studio operations, the company announced in an internal memo on Wednesday.

The company said the latest job cuts will impact the employees of Prime Video and Amazon MGM Studios. While the workers facing exit were supposed to be intimated on Wednesday, those in the remaining regions will be informed by the end of the week.

“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 vice-president of Prime Video and Amazon MGM Studios, told employees.