After TCS layoffs, this company sacks CEO among 110 workers due to...; not Narayana Murthy's Infosys, Google, Microsoft, Wipro, the company is...
Amazon layoffs: Amid the recent layoffs by Tata Consultancy Services (TCS)– India's largest IT services exporter– another major global tech giant has reportedly sacked more than 100 employees, including a CEO. According to reports, Amazon has laid off 110 workers from its Wondery podcast network, including the company's CEO. Why Amazon laid off Wondery employees?
In an internal memo to employees, Steve Boom, Vice President of Amazon's Audio, Twitch and Games, said that narrative and story-based podcast series such as Dr. Death, American Scandal and Business Wars, which were previously available on Wondery, will now be managed under its audiobook service Audible, as the company moves towards creator-led, video-based content.
According to the company, its move is driven by how podcasts are being consumed by audiences, with video-style shows featuring personalities gaining more popularity, especially on platforms like YouTube and Spotify. Amazon is devising new strategies to drive advertising, profitability, and discoverability, it said. What happens to podcasts hosted on Wondery?
Amazon stated that most of the employees laid off from Wondery have been shifted to other divisions with the company, but maintained that Wondery will retain its brand identity, and continue to host a few creator-driven shows. The Wondery+ app will also continue, it said.
Regarding the fate of popular podcasts on the platform, such as New Heights with Jason and Travis Kelsey, Mind the Game, and Armchair Expert, Amazon said they will be housed in a new Creator Services group within Amazon's Talent Services division, while some podcasts will be produced under the Wondery brand. TCS layoffs
Wondery layoffs come amidst the backdrop of Tata Group-owned TCS recently announcing plans to cut two percent of its global workforce, which would result in over 12,000 TCS workers losing their jobs in the current financial year.
TCS layoffs, the largest in the history of India's IT industry, will affect workers from all countries and domains where the company is operational. The TCS layoffs are likely to be conducted between April 2025 and March 2026, Moneycontrol reported.
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