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Amazon's Audible Braces For 'Storms Ahead': CEO Addresses Layoffs, Rising Spotify Competition
Thursday, January 25, 2024 - 9:23pm | 687In an internal all-hands meeting held on Wednesday, Audible, an Amazon.com Inc (NASDAQ:AMZN) unit, discussed potential future layoffs and the increasing competition from Spotify. This meeting reportedly comes two weeks after Audible reduced its workforce by 5%. What Happened: Audible CEO Bob...