financetom
Business
financetom
/
Business
/
Amazon's Wondery podcast unit trims jobs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon's Wondery podcast unit trims jobs
Feb 28, 2025 11:15 AM

(Reuters) - Amazon.com ( AMZN ) cut "a small number" of jobs at its Wondery podcast unit, known for "Dr. Death" and "Business Wars," the company said in a statement to Reuters on Friday.

Amazon ( AMZN ) purchased Wondery in 2020 for a reported $300 million and last year signed a three-year $100 million deal for rights to "New Heights with Jason and Travis Kelce," a podcast featuring the brothers of National Football League fame.

"We regularly review our team structures to ensure we're best set up to serve customers," said Amazon ( AMZN ) spokesperson Alice Zou. "Following a recent review, we've identified a small number of roles in the Wondery organization that are no longer required."

A person familiar with the matter who spoke to Reuters on condition of anonymity said both the content and advertising teams were affected, and it appeared to involve "dozens and dozens" of workers. Zou said the number was lower, without providing details.

Amazon ( AMZN ) has not publicly disclosed the size of its Wondery workforce. A spokesperson did not respond to a request for that detail.

Wondery earlier this month shuttered its operations in Brazil and Mexico. Among those impacted were Sarah Barrett, the head of Mexico podcast content, who published a LinkedIn post addressing her firing.

Wondery was founded in 2016 and has produced several podcasts that were adapted for streaming television, such as "The Shrink Next Door."

Amazon ( AMZN ) most recently cut jobs among its communications staff last month in an effort to reduce costs and what CEO Andy Jassy has called an abundance of bureaucracy.

Jassy has slashed tens of thousands of corporate jobs since taking the helm in July 2021. Last year he announced a goal to reorganize business units in order to reduce the ratio of managers to "individual contributors" by the end of this year's first quarter.

Amazon ( AMZN ) shares were trading down less than 1% at $208.55.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Embraer Receives Aircraft Order From Virgin Australia
Embraer Receives Aircraft Order From Virgin Australia
Aug 13, 2024
04:38 AM EDT, 08/13/2024 (MT Newswires) -- Embraer ( ERJ ) said late Monday it secured a firm order from Virgin Australia for eight E190-E2 small narrowbody aircraft. Financial details were not disclosed. The order will be reflected in Embraer's ( ERJ ) Q3 backlog, with deliveries due to start in H2 2025, the company said. Price: 31.30, Change: -0.22,...
Shift4 Payments Subsidiaries Price $1.1 Billion Private Offering of 2032 Notes
Shift4 Payments Subsidiaries Price $1.1 Billion Private Offering of 2032 Notes
Aug 13, 2024
04:31 AM EDT, 08/13/2024 (MT Newswires) -- Shift4 Payments ( FOUR ) said late Monday its subsidiaries priced a $1.1 billion private offering of 6.75% senior notes due 2032. The company said Shift4 Payments LLC and Shift4 Payments Finance Sub priced the notes at par. The company intends to use the net proceeds for general corporate purposes. Shift4 Payments (...
Learn CW Investment Extends Period to Complete Initial Merger
Learn CW Investment Extends Period to Complete Initial Merger
Aug 13, 2024
04:37 AM EDT, 08/13/2024 (MT Newswires) -- Learn CW Investment Corporation ( LCW ) said late Monday it extended the period to consummate an initial business combination by one month to a new deadline of Sept. 13 by depositing $150,000 into its trust. This is the 11th of up to 12 one-month extensions allowed under the company's charter, the company...
EnLink Midstream Prices $500 Million Senior Notes
EnLink Midstream Prices $500 Million Senior Notes
Aug 13, 2024
04:32 AM EDT, 08/13/2024 (MT Newswires) -- EnLink Midstream ( ENLC ) said late Monday it had priced $500 million of its 5.65% senior notes due 2034 at 99.618% of their face value. Proceeds from the sale, expected to settle on Thursday, would be used for general limited liability purposes, including repaying borrowings under its revolving credit and accounts receivable...
Copyright 2023-2026 - www.financetom.com All Rights Reserved