Amazon.com Inc. is reducing staff in its music sector, which includes the retail behemoth’s digital music shop and audio streaming platform, as CEO Andy Jassy continues to cut costs across the board.
People acquainted with the subject, who wished to remain anonymous due to the confidentiality of the information, stated that the positions targeted are in the editorial and audio content teams at Amazon Music. The number of impacted jobs was not specified.
Amazon said via a representative that “like many businesses, we have been closely monitoring our organizational needs and prioritizing what matters most to customers and the long-term health of our businesses.” Consequently, a few positions on the Amazon Music team have been removed. We’ll keep funding Amazon Music and allocating our funds to the goods and services that consumers, content producers, and artists value most.
Last year, Amazon started the largest-ever layoffs in business history, eventually cutting 27,000 jobs overall. According to another source familiar with the subject, the cutbacks to Amazon Music started in October when the company removed communications responsibilities. These cuts are different from the prior layoffs.
The closing of Amazon’s music section might indicate a growing emphasis on Prime Video, another streaming service. Thursday Night Football games in the National Football League are now hosted on the direct-to-consumer video platform, which may provide future growth opportunities for the megaretailer.
During Amazon’s third-quarter results call last month, Jassy said, “We also have increasing conviction that Prime Video can be a large and profitable business in its own right as we continue to invest in compelling exclusive content for Prime members.”
