Amazon’s (AMZN) Prime Video, MGM Studios To Cut ‘Several Hundred’ Jobs

Amazon’s (AMZN) Prime Video, MGM Studios are to cut ‘several hundred’ jobs. Amazon noted that the layoffs present opportunities to reduce and discontinue investments in certain areas while increasing investments in areas that provide the most impact. The SVP Mike Hopkins stated that “this is a difficult decision to make and one that my leadership team and I do not take lightly.” Renita Young weighs in on this story.

Next Gen Investing

10 Jan 2024

SHARE

Schwab Network's Newsletters

Daily insights for every investor

ON AIR
6:00 pm
The Wrap
replay
12:00 am
The Wrap
REPLAY
12:30 am
Market On Close
REPLAY
2:00 am
Trading 360
REPLAY
3:00 am
Fast Market
REPLAY
4:00 am
Next Gen Investing
REPLAY
5:00 am
Market Overtime
REPLAY
5:30 am
The Wrap
REPLAY
7:00 am
Morning Movers
8:00 am
Opening Bell With Nicole Petallides
9:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
3:30 pm
Market Overtime
REPLAY
4:00 pm
Fast Market
REPLAY
5:00 pm
Next Gen Investing
REPLAY
ON AIR
6:00 pm
The Wrap
REPLAY
7:30 pm
Market Overtime
REPLAY
8:00 pm
Market Overtime
REPLAY
8:30 pm
Market On Close
REPLAY
10:00 pm
Trading 360
REPLAY
11:00 pm
The Wrap
REPLAY