Amazon is continuing with its mass layoffs as part of its attempts to streamline costs and headcount. The company, which recently eliminated over 27,000 roles, has now laid off more than 100 employees who are part of its gaming division.
In a memo to the staff members, Amazon Games vice president Christoph Hartmann said these job cuts are part of the company's efforts to streamline and restructure operations. "After evaluating our current projects against our long-term goals, the Games leadership team made the difficult decision to eliminate just over 100 roles across Prime Gaming, Game Growth and in our San Diego studio," the memo read.
"There is never a pleasant way to share this sort of news, but we are committed to treating our impacted employees with empathy and respect, and will support them by offering them severance pay, health insurance benefits, outplacement services, and paid time to conduct their job search."
“We will continue to invest in our internal development efforts and our teams will continue to grow as our projects progress," he wrote.
Meanwhile, the company also plans to reduce employee stock awards. "We made the decision to reduce RSU (restricted stock units) awards in the final outlook year by a small amount (other years are not impacted)," an Amazon spokesperson said in a statement, reported Reuters.
Amazon is also considering the possibility of adjusting its compensation model to be more balanced between base cash compensation and stocks.