AMAZON'S AUDIBLE IS LAYING OFF 5% OF ITS WORKFORCE, MARKING ANOTHER ROUND OF JOB CUTS IN TECH

Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the e-commerce giant’s businesses last week as the technology industry continues to shed roles in the new year.

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In a memo sent to employees, Audible CEO Bob Carrigan said the company is in good shape, but faces an “increasingly challenging landscape.”

“We did not take this route without considerable thought,” Carrigan said. “But getting leaner and more efficient is the way we will need to operate now — and in the foreseeable future — in order to continue delivering best-in-class audio storytelling to our customers around the world.”