According to recent reports, both Google and Amazon are cutting down their workforce by letting go of hundreds of employees. Amazon is said to be laying off several hundred workers in its Prime Video and MGM Studios department. Meanwhile, Google has confirmed that it has cut several hundred jobs across its hardware, core engineering, and Google Assistant teams.
Amazon Layoffs
E-commerce has started to notify the affected workers in the US and will inform most of the region by the end of this week. The affected employees have been provided with the package which will include transitional benefits, separation payments and external career transition support, the report stated.
Mike Hopkins, Senior Vice President of the division, announced the cuts in an email on Wednesday, saying that the reason for the reduction is to "reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact", reports TechCrunch.
Hopkins said, "Our prioritisation of initiatives that we know will move the needle, along with our continued investments in programming, marketing and product, positions our business for an even stronger future."
Meanwhile, Amazon-owned live game streaming platform Twitch is reportedly laying off 35 per cent of its workforce, or about 500 employees, this week. Twitch laid off dozens of employees last year, and has shut down its service in South Korea due to "prohibitively expensive" costs.
According to a Bloomberg report, the fresh job cuts, "which could be announced as soon as Wednesday", come amid concerns over losses at Twitch.
Google Lays off more than 100 Employees
Google has also confirmed that it recently laid off a few hundred employees in various teams, including hardware, core engineering, and Google Assistant. The job cuts aim to make the company more efficient and prioritise its most important products.
Google mentioned that these changes happened in the second half of 2023 to align resources with their key goals better. Unfortunately, this includes letting go of some roles globally. Additionally, last year, the company reduced its efforts in diversity, equity, and inclusion programs.
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Inputs from IANS
