Amazon to Lay Off Hundreds of Staff From Prime Video and Studios Divisions

“It’s important that we prioritize our investments for the long-term success of our business,” division leader Mike Hopkins writes in an internal memo

The post Amazon to Lay Off Hundreds of Staff From Prime Video and Studios Divisions appeared first on TheWrap.

Amazon is cutting hundreds of jobs from its Prime Video and MGM Studios division, according to an internal memo obtained by The Hollywood Reporter. 

The layoffs were announced in an internal memo sent on Wednesday by division leader Mike Hopkins. 

“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,” Hopkins wrote. 

“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,” he continued. 

“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. 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,” Hopkins noted. 

More to come…

The post Amazon to Lay Off Hundreds of Staff From Prime Video and Studios Divisions appeared first on TheWrap.