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E-commerce company Amazon is going to lay off once again. The company will now lay off around 100 employees out of a workforce of around 7,000 in its Amazon Studios and Prime Video divisions. Sources related to Amazon have given information about this.
According to sources, Amazon is doing layoffs to streamline its business. The company has taken this decision to cut costs amid challenging economic conditions. Companies like Drop Box (16%), Lyft (26%) and Clubhouse (50%) have also made layoffs recently.
Amazon Studios is the company’s film and TV production arm.
Amazon Studios is the film and TV production arm of the company based in Culver City. It operates the company’s streaming services Prime Video. Last year, the company expanded its entertainment business with the purchase of MGM Studios for $8.5 billion.
In March, it was announced to remove 9,000 employees.
Last month in March, the company had announced to lay off 9,000 employees in the second round of layoffs. Then Amazon CEO Andy Jassy had said that most of the job cuts in the company would be in departments like AWS (Amazon Web Services), People Experience and Technology (PXT), Advertising and Twitch.
Jesse said it was a very difficult decision, but necessary for the long-term success of the company. Andy Jesse said that Amazon will also be hiring in some strategic areas.
In January, the retrenchment of 18,000 employees was announced.
At the same time, in January, Amazon announced the removal of 18,000 employees from its total workforce in the first round of layoffs. Andy Jassy then reported that most of the layoffs would be from Amazon stores and PXT departments.
Earlier in November 2022, Andy Jesse had said that the company would continue to lay off employees till 2023. The company had then said that it was laying off employees from the Devices, Books business and PXT.
Many big tech and entertainment companies have laid off
In the last few months, apart from Amazon, many big tech and entertainment companies have also laid off due to cost cutting. In which the names of many big companies like Meta, Google, Walt Disney are also included.
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