Amazon to shut down Wondery podcast studio, reorganise audio business

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Amazon is closing its Wondery podcast studio and will break up the audio service’s operations as part of a broad reorganization of the business.

About 110 people will lose their jobs because of the move, according to a person familiar with the plans. In addition, Wondery chief executive officer Jen Sargent will exit the company, according to a memo to staff viewed by Bloomberg News.

Existing Wondery series will either be moved under Amazon’s Audible banner or become part of the company’s new “creator services” team, which will become home to…



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Amazon to shut down Wondery podcast studio, reorganise audio business



Amazon is closing its Wondery podcast studio and will break up the audio service’s operations as part of a broad reorganization of the business.

About 110 people will lose their jobs because of the move, according to a person familiar with the plans. In addition, Wondery chief executive officer Jen Sargent will exit the company, according to a memo to staff viewed by Bloomberg News.

Existing Wondery series will either be moved under Amazon’s Audible banner or become part of the company’s new “creator services” team, which will become home to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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