Hopkins stated the corporate moved to make cuts to “prioritize our investments for the long-term success of our enterprise.”
“All through the previous yr, we have checked out practically each facet of our enterprise with an eye fixed in direction of enhancing our capability to ship much more breakthrough films, TV exhibits, and stay sports activities in a personalised, simple to make use of leisure expertise for our world clients,” Hopkins wrote within the memo. “Consequently, we have recognized alternatives to cut back or discontinue investments in sure areas whereas rising our funding and concentrate on content material and product initiatives that ship essentially the most influence. On account of these selections, we will probably be eliminating a number of hundred roles throughout the Prime Video and Amazon MGM Studios group.”
Amazon continues to trim its headcount after a yr of mass layoffs. Starting on the finish of 2022 and persevering with by 2023, Amazon initiated the most important layoffs in its historical past, slicing greater than 27,000 jobs throughout virtually each space of the corporate.
Crew,
We have taken vital steps in direction of our long-term imaginative and prescient of constructing Prime Video the first-choice leisure vacation spot for patrons worldwide, and I am happy with every little thing we have achieved as a staff up to now. Our investments in programming, advertising and marketing, and expertise have enabled us to increase our collection of blockbuster films, hit television sequence, stay sports activities, the world’s largest TVOD catalog together with over 650 associate Channels worldwide, and AVOD providers together with Freevee – all accessible in a single vacation spot, delighting clients across the globe. And, by our acquisition of MGM, we have elevated our investments in theatrical movies and pushed progress in MGM+ and our licensing and third-party manufacturing companies.
But, on the identical time, our business continues to evolve rapidly and it is vital that we prioritize our investments for the long-term success of our enterprise, whereas relentlessly specializing in what we all know issues most to our clients. All through the previous yr, we have checked out practically each facet of our enterprise with an eye fixed in direction of enhancing our capability to ship much more breakthrough films, TV exhibits, and stay sports activities in a personalised, simple to make use of leisure expertise for our world clients. Consequently, we have recognized alternatives to cut back or discontinue investments in sure areas whereas rising our funding and concentrate on content material and product initiatives that ship essentially the most influence. On account of these selections, we will probably be eliminating a number of hundred roles throughout the Prime Video and Amazon MGM Studios group.
At this time, we’ll start to succeed in out to colleagues who’re impacted by these position reductions. Notifications will probably be despatched out shortly, and we anticipate all notifications within the Americas to be accomplished this morning (Pacific time), and most different areas by the top of the week. We’re following native processes, which can embody time for session with worker consultant our bodies, presumably leading to longer timelines to speak in some international locations.
This can be a tough determination to make and one which my management staff and I don’t take frivolously. It’s onerous to say goodbye to gifted Amazonians who’ve made significant contributions on behalf of our clients, staff and enterprise. Thanks in your dedication and work. To assist with the transition, we’re offering packages that embody a separation cost, transitional advantages as relevant by nation, and exterior job placement assist.
Our prioritization of initiatives that we all know will transfer the needle, together with our continued investments in programming, advertising and marketing and product, positions our enterprise for a good stronger future. Prime Video is among the hottest advantages for Prime members, and one in all most generally used leisure locations on the planet. I am happy with the work you do day by day on behalf of our clients, and I am wanting ahead to persevering with to construct our enterprise for the long run.
-Mike
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