Amazon is laying off numerous staff members throughout its Prime Video and MGM Studios departments.
Mike Hopkins, who manages those systems, sent out a note to staffers on Wednesday notifying them of the task cuts, according to a copy of the memo seen by CNBC. An Amazon representative validated the layoffs.
Hopkins stated the business transferred to make cuts to “prioritize our investments for the long-term success of our business.”
“Throughout the past year, we’ve looked at nearly every aspect of our business with an eye towards improving our ability to deliver even more breakthrough movies, TV shows, and live sports in a personalized, easy to use entertainment experience for our global customers,” Hopkins composed in the memo. “As a result, 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. As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization.”
Amazon continues to cut its headcount after a year of mass layoffs. Beginning at the end of 2022 and continuing through 2023, Amazon started the biggest layoffs in its history, cutting more than 27,000 tasks throughout practically every location of the business.
Team,
We’ve taken substantial actions towards our long-lasting vision of making Prime Video the first-choice home entertainment location for consumers worldwide, and I’m happy with whatever we have actually achieved as a group to date. Our financial investments in shows, marketing, and innovation have actually allowed us to broaden our choice of smash hit films, struck television series, live sports, the world’s biggest TVOD brochure in addition to over 650 partner Channels worldwide, and AVOD services consisting of Freevee– all readily available in a single location, thrilling consumers around the world. And, through our acquisition of MGM, we have actually increased our financial investments in theatrical movies and driven development in MGM+ and our licensing and third-party production organizations.
Yet, at the exact same time, our market continues to progress rapidly and it is very important that we prioritize our financial investments for the long-lasting success of our organization, while non-stop concentrating on what we understand matters most to our consumers. Throughout the previous year, we have actually taken a look at almost every element of our organization with an eye towards enhancing our capability to provide much more advancement films, television programs, and live sports in a customized, simple to utilize home entertainment experience for our worldwide consumers. As an outcome, we have actually determined chances to lower or terminate financial investments in specific locations while increasing our financial investment and concentrate on material and item efforts that provide the most effect. As an outcome of these choices, we will be removing a number of hundred functions throughout the Prime Video and Amazon MGM Studios company.
Today, we will start to connect to coworkers who are affected by these function decreases. Notifications will be sent quickly, and we anticipate all alerts in the Americas to be finished today (Pacific time), and the majority of other areas by the end of the week. We are following regional procedures, which might consist of time for assessment with worker representative bodies, perhaps leading to longer timelines to interact in some nations
This is a tough choice to make and one that my management group and I do not ignore. It is tough to bid farewell to gifted Amazonians who have actually made significant contributions on behalf of our consumers, group and organization. Thank you for your commitment and work. To aid with the shift, we are offering bundles that consist of a separation payment, transitional advantages as suitable by nation, and external task positioning assistance.
Our prioritization of efforts that we understand will move the needle, in addition to our ongoing financial investments in shows, marketing and item, places our organization for an even more powerful future. Prime Video is among the most popular advantages for Prime members, and among the majority of commonly utilized home entertainment locations worldwide. I’m happy with the work you do every day on behalf of our consumers, and I’m anticipating continuing to develop our organization for the future.
-Mike
