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

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

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