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Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions.
Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of the memo viewed by CNBC. An Amazon spokesperson confirmed the layoffs.
Hopkins said the company moved to make cuts to “prioritize our investments for the long-term success of our business.”
“Throughout the past year, we’ve…
