Amazon’s Audible Braces For ‘Storms Ahead’: CEO Addresses Layoffs, Rising Spotify Competition

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Benzinga

In an internal all-hands meeting held on Wednesday, Audible, an Amazon.com Inc (NASDAQ:AMZN) unit, discussed potential future layoffs and the increasing competition from Spotify. This meeting reportedly comes two weeks after Audible reduced its workforce by 5%. What Happened: Audible CEO Bob Carrigan addressed numerous employee concerns, primarily regarding recent layoffs and low staff morale. While Carrigan did not directly confirm the possibility of future layoffs, he did not rule them out either, as reported by Business Insider. Carrigan also acknowledged the growing threat from Spotify Tec…

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