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submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

Amazon cuts hundreds of jobs in Prime Video and MGM Studios::Mike Hopkins, who oversees those units, sent a note to staffers informing them of the job cuts.

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[-] EnderMB@lemmy.world 1 points 10 months ago

Bezos isn't the CEO. He's a shareholder, but if anything, he's recently poached members of Amazon's exec board, and has sold shares.

[-] AA5B@lemmy.world 1 points 10 months ago

Seems like Bezos kept prices low to grow most quickly, but maybe they’ve shifted to maximizing profit now that they’re a monopoly

this post was submitted on 11 Jan 2024
161 points (99.4% liked)

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