Amazon.com is axing jobs in its music division now. That means, its audio streaming platform and digital store for songs will let go some team members. This is part of the retail giant’s cost-cutting measures across the company. The exact number of roles being axed is not known yet, but notices have reportedly been sent to employees in Latin America, North America and Europe.
Amazon Music includes podcasts too, and offers unlimited music streaming services for a fee, which was recently hiked to to $10.99. The business is in the process of examining its needs and prioritising the requirements and expectations of its customers with a focus on the long-term stability. While this will require the Amazon Music team to be reduced in size, the investments in the division will go on with a focus on products and offerings that are in high demand.
In October, the music division saw several communication roles being eliminated.
Will the company’s attention now shift to Prime Video? That is the question uppermost in the minds of many.
In the past one year, about 27,000 employees have been let go at Amazon.com.
It is pertinent to mention here that Amazon posted net income better than expectations in the third quarter. It predicts that the revenue for the final quarter will be as expected, as that is the time of holiday shopping.