The cuts come even as Amazon reported third-quarter net income. That far exceeded analyst estimates and forecast revenue in. The year’s final quarter roughly in line with expectations.Amazon has been quietly. Trimming jobs, including communications staff in its Studios, Video and Music divisions last month.
Amazon.com has begun cutting jobs in its Music division. The company said on Wednesday, confirming the latest of several rounds of. Layoffs over the past year that have affected more than 27,000 employees of the retail giant.
Employees in Latin America
North America and Europe received notices. The layoff of their jobs was confirmed on Wednesday by people familiar with the matter. An Amazon spokesperson, when contacted by Reuters, confirmed the layoff and declined to disclose how many employees were impacted.
organizational
“We have been closely monitoring our organizational needs and prioritizing. What matters most to customers and the long-term health of our businesses,” she said in a statement. “Some roles have been eliminated on the Amazon Music team. We will continue to invest in Amazon Music.”
No mass layoff filings had recently been made in Washington state. Where Amazon is based, California or New York, among the largest employee centers. For the company, according to a review of Worker Adjustment and Retraining Notification sites.
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The cuts come even as Amazon reported third-quarter net income. That far exceeded analyst estimates and forecast revenue in the year’s final quarter roughly in line with expectations. The fourth quarter is Amazon’s most crucial, as it in includes holiday shopping.
Amazon has been quietly trimming jobs, including communications staff in its Studios, Video and Music divisions last month.
Amazon Cuts Jobs in Music Division Amid Strong Financial Performance
has announced job cuts in its Music division, the latest in a series of layoffs affecting over 27,000 employees across the company in the past year. The recent reductions impacted staff in Latin America, North America, and Europe. An Amazon spokesperson confirmed the layoffs but did not specify the number of affected employees.
Amazon reported strong third-quarter net income, surpassing analyst estimates despite job cuts. The company also projected its fourth-quarter revenue to be in line with expectations, emphasizing the importance of the holiday shopping season.
The job reductions come as part of a broader strategy to realign the company’s organizational needs and prioritize key areas. An Amazon spokesperson stated, “We have been closely monitoring our organizational needs and prioritizing what matters most to customers and the long-term health of our businesses. Some roles on the Amazon Music team have been eliminated, we will continue to invest in Amazon Music.”
Amazon Music, which includes podcasts, competes with services like Spotify, Pandora, Google, and Apple in the music streaming market. Amazon increased its monthly subscription price to $10.99 earlier this year.
There have been no recent mass layoff filings in major employee centers like Washington state, California, or New York.
