Jobs at MGM, Prime Video, and Twitch are cut by Amazon

Image: EPA-EFE/REX/SHUTTERSTOCK   Jobs at MGM, Prime Video, and Twitch are cut by Amazon. Hundreds of employees will be let go by Amazon in its studios, Twitch, Prime Video, and MGM. CEO Dan Clancy has announced that around 500 Twitch workers—a third of the streaming platform’s workforce—will be let go. According to Amazon, another hundred workers at MGM Studios and Prime Video will likewise lose their jobs this week. Despite record revenues, the IT behemoth let go of more than 27,000 employees in 2023. When Twitch first launched, users could watch and discuss online video gameplay. In 2014, Amazon purchased it for $970 million (£585 million at the time). Mr. Clancy stated he was taking the “painful step to reduce our headcount” in an email to staff members in an effort to “build a more sustainable business”. The business, he continued, gave streamers $1 billion in 2023, but it had “conservative predictions of how we expect to grow in the future.” Amazon’s most recent earnings report shows that the company made $9.9 billion in profit from July to September. It increased from $2.9 billion over the same time frame in 2022. Senior vice president of the division Mike Hopkins wrote the following to staff members at Prime Video and Amazon MGM Studios via email: “We’ve identified opportunities to reduce or discontinue investments in certain areas while increasing our investments and focus on content and product initiatives that deliver the most impact. “ It was a “difficult decision to make,” Mr. Hopkins continued. The email stated that employees both domestically and internationally are impacted by job losses. In 2021, Amazon acquired the century-old MGM Studios for a sum of $8.45 billion. It declared in December of last year that it would begin airing advertisements on Prime Video on February 5, 2024. The layoffs at Amazon are the most recent in a lengthy line of layoffs in the technology industry, which had grown quickly as more people used digital services during the epidemic but then shrank when that enthusiasm subsided. US employment consulting firm Challenger, Grey & Christmas reports that the tech industry eliminated 168,032 jobs in 2023, a 73% increase from 2022.

UN Chopper and Passengers taken by Al-Shabab During the Battle in Somalia

Al-Shabab has been waging an insurgency in Somalia for almost two decades. Image:AFP   UN chopper and passengers taken by al-Shabab during the battle in Somalia. Eight persons, including passengers and crew, were taken hostage by the militant Islamist group al-Shabab in Somalia, local sources informed the reporter. The helicopter touched down in the group’s […]

NASA postpones the crewed lunar return, Artemis

Artemis I in 2022 demonstrated the rocket and capsule to get astronauts to the vicinity of the Moon. Image: NASA   NASA postpones the crewed lunar return, Artemis. The next opportunity for US space agency astronauts to set foot on the Moon won’t come until September 2026, at the latest. The planned date for the return of humans to the lunar surface, which was last accomplished in 1972, has been slipped by one year. According to NASA, the postponement of the Artemis III mission will allow for additional technological advancements. In essence, the NASA still lacks spacesuits for astronauts to wear and a craft to land people on the moon. Agency Administrator Bill Nelson stated that safety came first when announcing the postponement. Telling reporters, “We won’t fly until we’re ready,”. The Artemis II crew (L-R): Jeremy Hansen, Christina Koch, Victor Glover, Reid Wiseman. Image: NASA   Additionally, NASA is delaying the Artemis II preparatory mission until September 2025. Four astronauts will circle the moon in this mission, but they won’t touch down. This flight was scheduled for the end of the year until today. Reid Wiseman, Christina Koch, Victor Glover, and Jeremy Hansen make up the crew that is now undergoing training. 2022 saw the occurrence of Artemis I. […]

Nigerian Legion Seeks funding for military widows and orphans welfare

By Akinsuroju Olubunmi Nigerian Legion Seeks funding for military widows and orphans welfare. The Nigerian Legion is advocating for funding to support the welfare of military widows, orphans, retirees, and defendants. Highlighting the absence of a take-off grant, the Legion emphasizes the need for annual budgetary provisions to ensure a positive impact on the lives […]

Soldier criticizing Sanwo-Olu arrested, confirms Army Chief.

By Akinsuroju Olubunmi Soldier criticizing Sanwo-Olu arrested, confirms Army Chief. Chief of Army Staff (COAS), Lt. Gen. Taoreed Lagbaja, has officially acknowledged the arrest of a soldier who criticized Lagos State Governor Babajide Sanwo-Olu in a viral video. Governor Sanwo-Olu had previously ordered the arrest of a soldier and some Okada riders for traffic violations […]

Cryptocurrency fluctuates as X account gets ‘compromised’

Bitcoin. Image: GETTY IMAGES   Cryptocurrency fluctuates as X account gets ‘compromised’. Bitcoin rose temporarily on Tuesday after a post on the US markets regulator’s X account (previously Twitter) stated it had approved new bitcoin exchange-traded funds (ETFs). Later, the Securities and Exchange Commission (SEC) erased the tweet and stated that its account had been […]

EFCC interrogates CEOs of Zenith, Jaiz, and Providus Banks in financial irregularities probe

By Akinsuroju Olubunmi EFCC interrogates CEOs of Zenith, Jaiz, and Providus Banks in financial irregularities probe. The Economic and Financial Crimes Commission (EFCC) engaged in questioning the chief executive officers (CEOs) of Zenith, Jaiz, and Providus banks on Tuesday over alleged financial irregularities linked to the Ministry of Humanitarian Affairs and Poverty Alleviation. A reliable […]