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Amazon is laying off ‘several hundred’ employees at Prime Video and MGM Studios

Amazon is laying off hundreds of people across Prime Video and Amazon Studios. This is a money-saving move, as usual, and follows the company gutting Twitch by 35 percent.

Amazon's entertainment chief Mike Hopkins wrote in an email to staff that it has “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.” Amazon says it’ll help laid off workers with benefit packages that will include a separation payment and external job placement support. The company promises “continued investments in programming, marketing and product," despite the layoffs.

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