10:11 AM EDT, 08/04/2025 (MT Newswires) -- Amazon ( AMZN ) is shuttering its Wondery podcast studio, a move that would result in about 110 job cuts, Bloomberg reported Monday, citing a person familiar with the plans.

Wondery Chief Executive Jen Sargent will also leave the company, according to the report.

Existing Wondery series will either be transferred to Amazon's ( AMZN ) Audible banner or to the company's new "creator services" team that will be the home of various podcast shows, the report said.

The Wondery+ team will report into Audible, while Wondery Chief Content Officer Marshall Lewy will join Audible in a new position, according to the report.

Wondery's advertising and sponsorships group will create a new team that will take care of similar deals in Amazon Music and the creator-led programs, the report said. Wondery's brand will continue to exist on some of those shows, while the Wondery+ app will still exist in the future, the person reportedly said.

An Amazon ( AMZN ) spokesperson refuted the report in an email to MT Newswires, saying the podcast studio is not winding down and that it will continue to produce creator-led podcasts.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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