Amazon is laying off ‘several hundred’ employees at Prime Video and MGM Studios

Amazon is laying off hundreds of people across Prime Video and Amazon MGM Studios, as reported by Variety. This is for the usual reason. The company found a way to save some money and went for it. You know the drill. Amazon's entertainment chief Mike Hopkins wrote in an email to staff that it has “identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact.”