"Amazon Announces Layoffs at Prime Video and MGM Studios, Impacting Hundreds of Employees"

Amazon is laying off "several hundred" employees at Prime Video and Amazon MGM Studios as part of a restructuring to prioritize long-term success and focus on content and product initiatives. The company's entertainment chief, Mike Hopkins, expressed gratitude to the affected employees and stated that the layoffs are a difficult decision. Impacted staff will receive separation packages and job placement support, with notifications expected to be completed by the end of the week.