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Amazon-Owned Audible Fires 5% of Its Employees in Response to Shifting Priorities

Amazon-owned audiobook and podcast division Audible is cutting over 100 employees, constituting 5% of its workforce, as part of broader job cuts at Amazon. This follows layoffs at Twitch, Prime Video, and MGM Studios earlier this week. Audible CEO Bob Corrigan, in an internal memo, explained that these measures were taken to position the company for success amid a challenging…