Entertainment

Amazon to cut hundreds of jobs at Prime Video and MGM Studios: Read memo to employees

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Amazon to cut hundreds of jobs at Prime Video and MGM Studios: Read memo to employees

Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions. Mike Hopkins, who oversees those units, sent a memo to employees Wednesday informing them of the job cuts, according to a copy of the memo seen by CNBC. An Amazon spokesperson confirmed the layoffs. Hopkins said the company made the … Read more

Social media uproar could cost Maldives millions as row with India intensifies

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Social media uproar could cost Maldives millions as row with India intensifies

Social media posts by Maldivian officials could cost the country millions in tourism revenue as they intensify calls from Indian travelers to boycott the island nation. “In the last two days, we have seen a 40% drop in bookings,” Ankit Chaturvedi, vice president and global head of marketing at Indian travel software company Rategain, said … Read more