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Audible , the Amazon - own audiobook caller , is lay off 5 % of its faculty , grant to a leaked memo hold byBusiness Insider .
Per the memo , Audible CEO Bob Carrigan praised staff for a strong 2023 and assured them that the business was in practiced shape … but , due to the “ increasingly challenging landscape , ” the company is still making cuts . This is a plebeian refrain in the tech sphere of influence , where caller across all sectors have been hem in byongoing layoffssince 2022 .
Audible did not answer to requests for comment .
devout faculty , thank you for making so much money last year
now , we ’re firing a lot of you because our parent troupe thinks it will make it look better
erotic love , ur bosshttps://t.co/dT0zey1S7rpic.twitter.com/7qmzINkKs9
— alex ( hackneyed ) ( @alex)January 11 , 2024
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Amazon has been cutting back its workforce aggressively over the last year . Across the company , in 2023 , Amazonlaid offaround27,000 employees across multiple section , including AWS , Twitch and advertising . Now , just this hebdomad , Twitch laid off another500 employees , and Amazon ’s MGM Studios and Prime Video lease go of “ several hundred ” employees . It ’s an ominous clock time for Amazon ’s entertainment product .
Prime Video aside , all of these organizations at Amazon — Twitch , MGM Studios and Audible — came to the ship’s company via acquisition . Most recently , Amazon spent$8.5 billionon MGM in 2022 , which contribute more than 4,000 films and 17,000 telly shows to the Prime Video cyclosis overhaul . flip , the gambling - focused livestream political platform , came to Amazon for about$1 billionin 2014.Audiblehas been part of Amazon since 2008 , when it was get for $ 300 million .
Twitch is massively popular , but the price of run a huge livestreaming service are high , so the troupe has remained unprofitable . For MGM and Prime Video , senior frailty chairman Mike Hopkins say the part is making cuts to “ reduce or discontinue investing in certain areas while increasing our investment and focus on capacity and product initiatives that deliver the most impingement . ”
Amazon Prime Video and MGM Studios laid off hundreds of employee
Twitch is laying off another 500 employees
