Audible, the Amazon-owned audiobook and podcast division, laid off about 5% of its employees, representing just over 100 staffers. The cutbacks come as other Amazon groups — including Prime Video, Amazon MGM Studios and Twitch — this week are pink-slipping several hundred workers.

Audible CEO Bob Carrigan informed employees of the cuts in an audio memo Thursday. The layoffs do not affect Audible’s content teams, a source told Variety.

more at
https://variety.com/2024/digital/news/audible-layoffs-amazon-1235869320/

 

Audible had a “strong year” in 2023 and the business “is in good shape,” according to Carrigan. But the company needed to conduct layoffs “to position us for continued success in the coming year and into the future, given the increasingly challenging landscape we face.”

I wonder how Carrington's bonus will reflect the savings by canning and thanking all who are leaving us for their valuable contributions.

 

Yeah I can't wait til AI is in the "C" suite at these corporations. A computer program could run these companies better than most management, they are basically leaches sucking off the profit and destroying the company and as long as the stock price goes up,
they get a massive payoff and move on while the company implodes..