Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions.

Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of the memo viewed by CNBC. An Amazon spokesperson confirmed the layoffs.

Hopkins said the company moved to make cuts to “prioritize our investments for the long-term success of our business.”

“Throughout the past year, we’ve looked at nearly every aspect of our business with an eye towards improving our ability to deliver even more breakthrough movies, TV shows, and live sports in a personalized, easy to use entertainment experience for our global customers,” Hopkins wrote in the memo. “As a result, we’ve identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact. As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization.”

The layoffs come the same day Amazon’s Twitch livestreaming unit announced it will cut 500 jobs.

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