Audible Layoffs
January 2024
Audible announced a layoff affecting 27,000 employees (5% of its workforce) in January 2024. The company operates in the Media sector.
27,000
5%
Jan 11, 2024
About
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.
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