Amazon is laying off hundreds of employees across Prime Video and the recently acquired Metro-Goldwyn-Mayer (MGM) Studios, because it wants to focus on creating high-impact content.
Twitch, Amazon’s live-streaming site, is also preparing to cut off 35% of its staff after several top executives left the company in the final months of 2023.
Amazon isn’t alone: Beyond Amazon, the broader streaming landscape is grappling with economic headwinds, prompting layoffs at industry giants like Disney and Warner Bros.