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Amazon's Audible is laying off 5% of its workforce, marking another round of job cuts in tech

  • Amazon-owned Audible is laying off about 5% of its workforce, joining other tech companies like Twitch and Discord in making job cuts to increase efficiency and profitability.
  • The layoffs are part of a trend in the industry, as tech companies like Amazon adjust their hiring practices amid rising inflation and interest rates.
  • Audible, a top distributor and producer of audio books and podcasts, was purchased by Amazon in 2008 for $300 million. The company's CEO stated that the decision to lay off employees was made after careful consideration.
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Channel News Asia broke the news in Singapore, Singapore on Thursday, January 11, 2024.
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