Hundreds of Twitch <br />and Prime Video Workers , to Be Laid Off.<br />Hundreds of Twitch <br />and Prime Video Workers , to Be Laid Off.<br />According to an internal Amazon memo sent to <br />staff on Jan. 10, several hundred Prime employees will lose their jobs, 'The Guardian' reports.<br />We’ve identified opportunities to <br />reduce or discontinue investments <br />in certain areas while increasing <br />our investment and focus on <br />content and product initiatives <br />that deliver the most impact. , Mike Hopkins, senior vice-president of Prime Video <br />and Amazon MGM Studios, to employees.<br />The news comes the same day that Twitch, <br />an Amazon subsidiary, revealed that it would <br />also be laying off about 500 employees. .<br />We still have work to do to rightsize our <br />company. For some time now the organization <br />has been sized based upon where we <br />optimistically expect our business to be in <br />three or more years, not where we’re at today, Dan Clancy, Twitch's chief executive, via blogpost.<br />In recent years, Amazon has invested heavily in its media business, 'The Guardian' reports.<br />In recent years, Amazon has invested heavily in its media business, 'The Guardian' reports.<br />Such investments include an $8.5 billion <br />MGM deal and $46 million for season one of <br />'The Lord of the Rings: The Rings of Power.'.<br />Prime Video is expected to roll out ads <br />on the platform soon.<br />It will also offer a higher-priced, ad-free subscription tier in various markets. .<br />Last year, Amazon, Facebook, Microsoft <br />and Google cut thousands of jobs.<br />Last year, Amazon, Facebook, Microsoft <br />and Google cut thousands of jobs.<br />Last year, Amazon, Facebook, Microsoft <br />and Google cut thousands of jobs.<br />Last year, Amazon, Facebook, Microsoft <br />and Google cut thousands of jobs
