Amazon Studios, Prime Video Lay Off 100 Staffers
Amazon Studios and Prime Video have laid off 100 staffers.
These eliminations, which come out of the approximately 7,000 employees working at Amazon Studios and Prime Video, will be followed by the addition of new roles in areas designated as key for the company’s future growth.
More from Variety
Why 'Jury Duty' Boss Cody Heller Almost Cut That Soaking Scene, Pitches Season 2 Set in a 'Whole Different Universe'
'Marvelous Mrs. Maisel' Duo Lands Two-Season Order for Ballet Series at Amazon With Luke Kirby, Camille Cottin, Simon Callow Among Cast
'The Boys' to Show 'Urethra Scene' and 'Herogasm' on the Big Screen With Season 3 Marathon at Amazon's Culver Theater (EXCLUSIVE)
“Like many businesses, we have been closely monitoring economic conditions and our organizational needs, and have made the decision to adjust resources,” an Amazon spokesperson said Thursday. “As a result, a small number of roles will be eliminated on some teams. We will be supporting impacted employees through this transition and thank them for the work they have done on behalf of our customers.”
After a strategic review in March, Amazon CEO Andy Jassy announced plans to lay off 9,000 more employees — on top of the 18,000 job cuts it previously announced.
At the time, Jassy said the latest round of cuts will mostly affect employees in Amazon Web Services (AWS), People, Experience and Technology (PXT), advertising and Twitch divisions, but that the company’s senior management team expected to make final decisions on which jobs will be eliminated by “mid to late April.”
“This was a difficult decision, but one that we think is best for the company long term,” Jassy wrote.
Jassy said economic “uncertainty” drove the decision to make the latest round of layoffs after several years of Amazon businesses adding “a significant amount of headcount.” As of Dec. 31, 2022, the ecommerce giant had about 1.541 million full-time and part-time employees, up nearly 19% compared with 1.298 million a year prior.
Amazon reported first-quarter earnings Thursday. The company had Q1 revenue of $127.4 billion, up 9% year over year, improving over a 7% rise in the year-earlier quarter but still off its historical pace of top-line growth. Net income was $3.2 billion, or 31 cents per share, compared with a net loss of $3.8 billion in Q1 2022 (which included a $7.8 billion loss on its stake in electric-vehicle maker Rivian).
Best of Variety
This 'Fast and Furious' Arcade Cabinet Allows You to Step Behind the Wheel as Dom Toretto
From 'The Shards' to 'Daisy Jones & The Six': Books Made Into Movies and TV Series That You Should Read
Emmy Predictions: TV Movie - 'Prey' the TV Academy Nominates the Outstanding 'Predator' Franchise Film
Sign up for Variety’s Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.