Amazon slashes jobs at Twitch, MGM and Prime Video

Amazon is to axe hundreds of staff across its subsidiaries Twitch, Prime Video and MGM studios. Amazon said several hundred employees at Prime Video and film studio MGM will also lose their jobs this week. In an email sent to staff at Prime Video and Amazon MGM Studios, senior vice president of the department Mike Hopkins wrote: "We've identified opportunities to reduce or discontinue investments in certain areas while increasing our investments and focus on content and product initiatives that deliver the most impact." Amazon bought the hundred-year-old MGM Studios for $8.45bn in 2021. The reductions at Amazon are the latest in a long series of job cuts in the tech sector, which had expanded rapidly as people increasingly turned to digital services during the pandemic, before contracting as that enthusiasm waned.

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