Amazon cutting several hundred positions across Prime Video and MGM Studios unit

A note to employees said that the company is boosting investment in areas with the most impact, while stepping back from others.

Amazon is cutting several hundred positions across its Prime Video and MGM Studios unit.

Last month Amazon said that Prime Video users would start seeing ads on movies and television shows starting on January 29, setting a date for an announcement it made back in September.

Prime members who want to keep their movies and TV shows ad-free will have to pay an additional $2.99 per month.

Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, said in a

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