TECH - Amazon's Audible Revamps Workforce Paving Way for Strategic Growth and Investor Interest | Benzinga
Audible, an Amazon.Com Inc (NASDAQ:AMZN) division specializing in audiobooks and podcasts, is reducing its workforce by approximately 5% as part of a broader effort to streamline operations and maintain its leadership in audio storytelling.
This move was communicated by Audible CEO Bob Carrigan in a memo to employees, emphasizing the decision’s difficulty but underscoring its necessity for future success.
These layoffs are part of Amazon’s most extensive downsizing effort, which began in late 2022 and continued through 2023, affecting over 27,000 positions across the company, CNBC reports.
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Carrigan highlighted in his memo that reducing staff was not taken lightly and is aligned with the company’s commitment to efficiency and long-term strategic planning.
He recognized the contributions of all employees, assuring that those leaving would receive support in finding new opportunities.
This development is part of a trend within Amazon to adapt to ...