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Jack Reid

Amazon Cuts Hundreds of Jobs Across Studios and Twitch

Twitch Amazon Dan Clancy MGM Prime Video United States
Twitch.

Amazon will lay off several hundred employees in its streaming and studio divisions as well as subsidiary Twitch in order to reduce costs amid the latest in a wave of video industry contraction.

Twitch, the video live-streaming company acquired by Amazon in 2014 will cut just over 500 roles, or 35% of its workforce, according to a blog post by Twitch CEO Dan Clancy. Prime Video and MGM Studios will eliminate “hundreds” of jobs, according to an email sent by management to employees on Wednesday morning.

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