Amazon plans layoffs, impacting hundreds in Prime Video, MGM Studios

In a significant development, Amazon is reportedly implementing a series of layoffs affecting hundreds of employees across its Prime Video and MGM Studios divisions, according to media reports.

The company asserts that these strategic layoffs are essential to reallocate resources and prioritize long-term investments, aiming for sustained success in the competitive market landscape.

Reports indicate that affected employees based in the United States will receive official notifications today, while those in other regions can expect updates by the end of the current week.

This move comes on the heels of a similar workforce reduction by Amazon in May of the previous year, where at least 500 employees in India were reportedly laid off in various functions, including Amazon Web Services, HR, and support roles.

The recent developments underscore Amazon's ongoing efforts to streamline its operations and adapt to the evolving demands of the business environment. The impacted employees are expected to receive support during this transition period. The company is yet to provide specific details on the number of job cuts or the departments affected.