Audible

Audible, the Amazon-owned audiobook and podcast service, laid off just over 100 employees, representing about 5% of its workforce, in January 2024. This move is part of broader cost-cutting efforts across Amazon, impacting divisions like Prime Video and Twitch. CEO Bob Carrigan explained the decision was necessary to become leaner and more efficient amid a challenging business landscape, aiming to ensure long-term success despite the company having a strong 2023. The layoffs did not affect content teams.

Audible, an Amazon-owned audiobook company, announced layoffs affecting 5% of its staff on January 11, 2024, as revealed in a leaked memo from CEO Bob Carrigan. The decision was attributed to an 'increasingly challenging landscape,' despite the company having a strong performance in 2023. This move is part of broader workforce reductions at Amazon, which has seen significant layoffs across its subsidiaries, including Twitch, MGM Studios, and Prime Video, as the tech giant restructures its entertainment divisions amid ongoing cost-cutting efforts in the industry.