Amazon will cut hundreds of roles in its Prime Video and MGM Studios division, about two years after Amazon purchased MGM for $8.5 billion.
Amazon on Wednesday said it would cut several hundred jobs at Prime Video and Amazon MGM Studios, after a review of its business in the past year.
” [W]e’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,” wrote Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, in a note to staffers.
“Our prioritization of initiatives that we know will move the needle, along with our continued investments in programming, marketing and product, positions our business for an even stronger future,” Hopkins wrote.
