Amazon Layoffs: Layoffs of employees begin in Amazon’s music division, the company said this

Amazon.com has confirmed that it has started laying off employees in its music division. The layoffs are the latest in a series of job cuts affecting more than 27,000 employees over the past year. The layoffs were announced on Wednesday and affect employees in Latin America, North America and Europe, according to media reports.

According to the report, an Amazon spokesperson has confirmed the layoffs, but the exact number of affected employees has not been disclosed. The spokesperson said, “We are closely monitoring our organizational needs and the long-term health of customers and our businesses matters most to us. Some roles in the Amazon Music team have been eliminated. We continue to invest in Amazon Music.” Will keep.”

There have been no recent large-scale layoffs in Washington state, California or New York, which are among the company’s largest employee centers. The decision to lay off the company has been taken at a time when Amazon has reported net income in the third quarter. The earnings significantly beat analysts’ estimates and were in line with revenue estimates for the final quarter of the year. The fourth quarter is especially important for Amazon due to holiday shopping.

Amazon has been cautiously slashing jobs, including communications staff, across its studio, video and music divisions over the past month. Amazon Music also offers podcast services. It competes with Spotify, YouTube Music, and Apple Music in providing unlimited music streaming services for a fee.

600 employees laid off from Byju’s

Troubled edtech giant Byju’s laid off around 600 employees from content and marketing teams as part of its restructuring exercise in October. According to sources, the move affected the content and video team more than the marketing team. Sources said teachers and educators who were part of the content production team were also affected by the move.