AMAZON CUTS HUNDREDS OF JOBS IN PRIME VIDEO AND MGM STUDIOS

Summary from the TLDR newsletter

Amazon sent a note to staff on Wednesday notifying them of the job cuts. The company is making the cuts to prioritize its investments for long-term success. It has been monitoring every aspect of its business over the past year to identify opportunities to reduce or discontinue investments in certain areas while increasing its investment and focus on content and product initiatives that deliver the most impact. A copy of the memo sent to employees is available in the article.