Audible, Owned by Amazon, Cuts 5% of Their Workforce

Audible, the Amazon-owned audiobook company, is laying off 5% of its staff, according to a leaked memo obtained by Business Insider. Per the memo, Audible CEO Bob Carrigan praised staff for a strong 2023 and assured them that the business was in good shape… but, due to the “increasingly challenging landscape,” the company is still making cuts. Now, just this week, Twitch laid off another 500 employees, and Amazon’s MGM Studios and Prime Video let go of “several hundred” employees. Prime Video aside, all of these organizations at Amazon — Twitch, MGM Studios and Audible — came to the company via acquisition. Audible has been part of Amazon since 2008, when it was acquired for $300 million.