This wave of redundancies is part of Amazon’s broader strategy to streamline its operations. Credit: Sundry Photography/Shutterstock.

Amazon is set to cut hundreds of jobs at its Prime Video and MGM Studios as part of its strategy to refocus its investments. 

Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, notified employees of the layoffs in a memo. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Hopkins, as reported by CNBC, said following a year of review, “we have 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.  

“As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organisation.” 

The job cuts extend beyond these divisions, with Amazon’s Twitch livestreaming service also announcing the termination of 500 positions. 

Twitch, which was acquired by Amazon in 2014 for nearly $1bn, is widely recognised as a leading livestreaming platform for video gamers.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In a blog post, Twitch CEO Dan Clancy explained the decision as a move to “rightsize” the company. 

Clancy said: “As you all know, we have worked hard over the last year to run our business as sustainably as possible. Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch.” 

Amazon Prime’s departing staff will be provided with severance pay and additional support, including assistance with finding new employment. 

This round of layoffs is a component of Amazon’s larger plan to simplify its business after a substantial period of growth. 

The company has been reducing its workforce since late 2022, initiating the most extensive layoffs in its history, with over 27,000 jobs cut across various departments.  

In recent months, Amazon laid of many employees in gaming and music divisions.