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Amazon to lay off employees in Prime Video, studio divisions

New Delhi: on Wednesday announced plans to lay off several hundred of its employees. main video and Amazon mgm studio Division. mike HopkinsThe senior vice president of Prime Video and Amazon MGM Studios addressed the decision in a note to employees, saying the company aims to shift its focus and resources toward content and product initiatives with greater impact.
Hopkins said the move included reducing or ceasing investment in some sectors. As Reuters reported, the note indicated that the layoffs would primarily affect employees in the United States, with notification to be sent on Wednesday. Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, told employees, “We have identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focusing on content and product initiatives that Make the biggest impact.”
Employees in most other areas are expected to be informed by the end of the week. This restructuring reflects Amazon’s strategy to streamline operations and focus on the areas that promise the most significant returns and customer engagement.
(with inputs from agencies)

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