Amazon Prime in TROUBLE | Massive Layoffs Following Price Hikes

Amazon has laid off hundreds of employees from their Prime Video streaming service a day after it was announced they were laying off 35% of Twitch.

In recent weeks there has been a public outcry against Amazon for hiking the prices on Prime Video with subscribers having to pay an additional $2.99 per month to watch without ads. Amazon is the latest video on demand (VOD) service to offer an ad supported tier. With the massive layoffs from the various divisions by Amazon, and their price hikes, it would appear the company is in trouble despite the appearance of success.

Sources:
►Variety:
Amazon to Lay Off ‘Several Hundred’ Across Prime Video, Amazon MGM Studios, 500 Cut at Twitch
https://variety.com/2024/tv/news/amazon-lay-offs-prime-video-mgm-studios-1235867454/

►Axios:
Amazon joins flood of streaming service price hikes for 2024
https://www.axios.com/2023/12/28/amazon-prime-netflix-disney-peacock-streaming-subscription

#Amazon #AmazonPrime #PrimeVideo

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