Amazon Is Laying Off Hundreds in Prime Video, Studios Unit (2)

Amazon.com Inc. is laying off hundreds of employees in its Prime Video and studios business.

Mike Hopkins, who runs the streaming video and studios division, which includes the MGM unit the company acquired last year, announced the cuts in an email to employees on Wednesday.

“Throughout the past year, we’ve looked at nearly every aspect of our business with an eye towards improving our ability to deliver even more breakthrough movies, TV shows, and live sports in a personalized, easy to use entertainment experience for our global customers,” Hopkins wrote in the memo, which was reviewed by Bloomberg. “As a ...