Job cuts affect Amazon biz units, including Twitch

Hundreds of employees are set to lose their jobs as cuts affect Amazon business units.

File photo: Twitch logo

Cost-cutting efforts?

Citing an initial note, CNN reported that Amazon is cutting "several hundred" posts in its Prime Video and Amazon MGM Studios. The tech giant’s video game streaming company Twitch also said Wednesday it is laying off 500 workers as part of ongoing cost-cutting efforts.

Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, announced in a memo they began reaching out to affected employees on Wednesday.

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, he said.

The official said the company is "providing packages that include a separation payment, transitional benefits as applicable by country, and external job placement support."

Meanwhile, Twitch CEO Dan Clancy called the layoffs an "incredibly difficult" decision. He said efforts were implemented to make the business more sustainable.

Unfortunately, despite these efforts, it has become clear that our organization is still meaningfully larger than it needs to be given the size of our business.

Affected employees were notified on Wednesday.

Clancy said he would hold a livestream conversation on Twitch on Thursday afternoon to answer any questions from the company's users.

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Via: CNN