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Amazon’s music streaming division hit with spherical of layoffs

admin by admin
November 10, 2023
in Business
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Amazon’s music streaming division hit with spherical of layoffs
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On-line retail and know-how big Amazon has reportedly began making layoffs in its music unit.

Bloomberg first reported the information on Wednesday (November 8). Citing sources, it stated that editorial and audio content material group roles had been focused.

Citing sources, Reuters additionally reported that workers members in numerous markets together with Latin America, North America, and Europe had been issued with redundancy notices on Wednesday.

Reuters added that the corporate ‘has been quietly trimming jobs, together with communications workers in its Studios, Video and Music divisions final month’.

This spherical of layoffs is one among a number of over the previous 12 months to have impacted over 27,000 roles at Amazon, Reuters stated.

Amazon began shedding members of its company and know-how workforce again in November final yr as a part of an preliminary spherical of round 10,000 job cuts.

This newest spherical of layoffs at Amazon arrives amid ongoing industry-wide job cuts within the tech sector.

TechCrunch reviews that greater than 240,000 tech jobs have been lower globally in 2023.

“Some roles have been eradicated on the Amazon Music group. We are going to proceed to spend money on Amazon Music.”

Amazon Spokesperson, talking with Reuters

“We now have been carefully monitoring our organizational wants and prioritizing what issues most to prospects and the long-term well being of our companies,” an Amazon spokesperson is quoted by Reuters as saying.

The spokesperson didn’t verify what number of jobs have been lower on this spherical.

They added: “Some roles have been eradicated on the Amazon Music group. We are going to proceed to spend money on Amazon Music.”


Different firms to have made layoffs this yr embrace Meta and Microsoft.

Within the music enterprise, Spotify introduced in January that it plans to chop 6% of its international workforce, which amounted to greater than 500 folks, and one other lower one other 200 roles from its podcast unit in June.

Warner Music Group informed workers on March 29 that it deliberate to cut back its workforce by 4%, or about 270 folks.Music Enterprise Worldwide



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