'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

Imax Predicts ‘Avatar 2,’

‘Black Panther 2’ Will End 2022