"Amazon's Audible Division Cuts 5% of Staff"

Amazon-owned Audible is laying off 5% of its staff due to the "increasingly challenging landscape," following a trend of ongoing layoffs across the tech industry. Amazon has been aggressively cutting back its workforce, with layoffs across multiple departments including AWS, Twitch, and advertising. This comes as Twitch, MGM Studios, and Prime Video, all acquired by Amazon, have also let go of hundreds of employees. The company is making cuts to reduce or discontinue investments in certain areas while increasing focus on content and product initiatives.