Amazon's Audible is laying off 5% of its workforce, marking another round of job cuts in tech

Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce. The reductions mark the third round of job cuts at Amazon's businesses this week amid a new wave of layoffs in the technology industry. In a memo sent to employees on Thursday, Audible CEO Bob Carrigan said Audible is in good shape. However, he said the company faces an increasingly challenging landscape. A spokesperson for Audible declined to provide the number of employees who will be affected by the changes. The layoffs follow other cuts announced this week in Amazon’s Prime Video and MGM Studios unit and its subsidiary Twitch.