Amazon Prime Video and MGM Studios laid off hundreds of employees

In addition to the 500 layoffs at Twitch, Amazon is also making cuts to Prime Video and MGM Studios, laying off “several hundreds” of employees, according to a memo obtained by TechCrunch. The Information broke the news of the layoffs. Mike Hopkins, senior vice president of the division, announced the cutbacks in an email on Wednesday, noting that the reason for the reduction is to “reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact.” Amazon has...