'Amazon Amp Lays Off Employees Amid Hiring Slowdown
Off Employees Amid Hiring Slowdown
Amazon has
laid off around 150 employees at its recently launched live-radio app Amp, according to a report
Though Amazon
would not comment on the numbers in the report, the company confirms to Billboard that
“At Amazon
we think big, experiment, and invest in new ideas to delight customers,” said the company
“We also
continually evaluate the progress and potential of our products and services to deliver customer value,
We’ve made
the decision to consolidate a few teams so we can focus on the growth
Amazon is
working to identify other opportunities within the company for affected employees
In September,
Amp announced it would launch a monthly fund to reward emerging U
The cuts
at Amp come on the heels of Amazon’s Q3 earnings report on Thursday (Oct
27), when
the company revealed it had grown its headcount by just 21,000 employees — a sharp year-over-year drop after
“We are
going to be very careful on our hiring,” Olsavsky added
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