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Ahead of its ad tier launch, layoffs are coming to Prime Video.
Top line
Today, Mike Hopkins, svp at Prime Video and Amazon’s MGM Studios, announced in a memo sent to employees that the company would cut several hundred jobs, Adweek has confirmed.
Between the lines
In the memo, which Amazon shared with Adweek, Hopkins noted that the company had identified opportunities to reduce or discontinue investments in certain areas while increasing investments in the areas that provide the most impact, leading to the company “eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization.”
“This is a difficult decision to make and one that my leadership team and I do not take lightly,” Hopkins wrote.
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