India  

Hundreds of Twitch and Prime Video Workers to Be Laid Off

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Hundreds of Twitch and Prime Video Workers to Be Laid Off

Hundreds of Twitch and Prime Video Workers to Be Laid Off

Hundreds of Twitch and Prime Video Workers , to Be Laid Off.

Hundreds of Twitch and Prime Video Workers , to Be Laid Off.

According to an internal Amazon memo sent to staff on Jan.

10, several hundred Prime employees will lose their jobs, 'The Guardian' reports.

We’ve 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.

, Mike Hopkins, senior vice-president of Prime Video and Amazon MGM Studios, to employees.

The news comes the same day that Twitch, an Amazon subsidiary, revealed that it would also be laying off about 500 employees.

.

We still have work to do to rightsize our company.

For some time now the organization has been sized based upon where we optimistically expect our business to be in three or more years, not where we’re at today, Dan Clancy, Twitch's chief executive, via blogpost.

In recent years, Amazon has invested heavily in its media business, 'The Guardian' reports.

In recent years, Amazon has invested heavily in its media business, 'The Guardian' reports.

Such investments include an $8.5 billion MGM deal and $46 million for season one of 'The Lord of the Rings: The Rings of Power.'.

Prime Video is expected to roll out ads on the platform soon.

It will also offer a higher-priced, ad-free subscription tier in various markets.

.

Last year, Amazon, Facebook, Microsoft and Google cut thousands of jobs.

Last year, Amazon, Facebook, Microsoft and Google cut thousands of jobs.

Last year, Amazon, Facebook, Microsoft and Google cut thousands of jobs.

Last year, Amazon, Facebook, Microsoft and Google cut thousands of jobs


You Might Like


đź’ˇ newsR Knowledge: Other News Mentions

Amazon (company) Amazon (company) American multinational technology company

John Krasinski to Return for 'Jack Ryan' Movie at Amazon | THR News Video [Video]

John Krasinski to Return for 'Jack Ryan' Movie at Amazon | THR News Video

John Krasinski is back for more 'Jack Ryan' but this time on a bigger scale! The actor is heading back to the "Ryanverse" as Amazon MGM is developing a feature film that will see Krasinski return to the title role as the CIA analyst. Wendell Pierce is also set to return, while Michael Kelly is in negotiations to come back as well. Series EP Andrew Bernstein is set to direct the feature.

Credit: The Hollywood Reporter    Duration: 01:20Published

Google Google Multinational American technology company

EU scores 'big win' in court against Apple, Google [Video]

EU scores 'big win' in court against Apple, Google

Credit: FRANCE 24 English    Duration: 04:26Published

Facebook Facebook Social-networking service owned by Meta Platforms

Labour expects more chaos from Tories after Badenoch win [Video]

Labour expects more chaos from Tories after Badenoch win

Labour chair Ellie Reeves predicts more “division” and “chaos” within the Conservative Party after Kemi Badenoch was elected as the Tory’s new leader today. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:57Published
Kemi Badenoch declared new Conservative leader [Video]

Kemi Badenoch declared new Conservative leader

Kemi Badenoch is declared winner of the Conservative Party leadership contest at an event in central London, defeating rival Robert Jenrick by 53,806 votes to 41,388. The new leader says the Tories have to be "honest" about the "fact we made mistakes" and "the fact that we let standards slip" during her acceptance speech. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:39Published
'Brat' chosen as Collins Word of the Year 2024 [Video]

'Brat' chosen as Collins Word of the Year 2024

Hot off the heels of 'brat' summer, the term coined by British singer Charli XCX has been named the Collins Word of the Year 2024. A spokesperson for Collins Dictionary says their lexicographers discussed the new meaning behind the word 'brat' before deciding on its published definition. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:57Published
Holly Newton's teenage killer detained for life [Video]

Holly Newton's teenage killer detained for life

A teenager has been detained for life and will serve a minimum of 17 years for stabbing his 15-year-old ex-girlfriend to death in the street. Logan MacPhail, then aged 16, stalked Holly Newton for an hour through Hexham, Northumberland, before knifing her 36 times in an alleyway. Before handing down the sentence at Newcastle Crown Court, Mr Justice Hilliard said, "what happened in this case should not happen to any child or parent". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:29Published
Rachel Reeves: Budget delivers desperately needed stability [Video]

Rachel Reeves: Budget delivers desperately needed stability

The chancellor has defended her Autumn Budget, calling it a "robust fiscal framework" that delivers "stability", despite an adverse market reaction that included a jump in the cost of government borrowing. Rachel Reeves adds that the International Monetary Fund has given her Budget "a clean bill of health". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:47Published