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Amazon is laying off hundreds of people who work in Twitch, Prime Video and MGM Studios units, multiple outlets report.
Details: Twitch CEO Dan Clancy announced to workers today that about 500 people would lose their jobs — the third round of cuts in less than a year, Hope writes.
Separately, Mike Hopkins, the head of Prime Video and MGM Studios, told his teams that the businesses would be cutting or discontinuing investments in "certain areas."
The big picture: Amazon's cost-cutting quest is now entering its third year.
Curbs in content have come at a time when all major streamers are challenged by intense competition for eyeballs and expense scrutiny by Wall Street.
What we're watching: Come month-end, Amazon will start charging Prime and Prime Video subscribers extra to watch videos ad-free.
