Job Cuts Hit Amazon Music's Editorial Team as Company Sharpens Focus on Exclusive Content

Amazon.Com, Inc's AMZN downsizing attempts continue, the latest being in its music division, including the audio streaming service and digital music store, as CEO Andy Jassy persists in trimming company-wide costs. 

The cuts are specifically hitting the editorial and audio content team of Amazon Music, Bloomberg cites familiar sources. The company did not disclose the exact number of jobs impacted by this decision.

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Amazon expressed continued investment in Amazon Music and commitment of resources to the products and services that matter most to customers, creators, and artists.

These layoffs are separate from the company's record job cuts initiated in 2023 when it eliminated 27,000 roles. 

The move to reduce staff in the music division started with the removal of communication roles in October. 

It may indicate a strategic pivot towards enhancing its Prime Video service, which recently added NFL Thursday Night Football to its offerings.

During Amazon's Q3 earnings call, CEO Andy Jassy expressed conviction over Prime Video becoming a large and profitable business and its continued investment in compelling exclusive content for Prime members.

Price Action: AMZN shares traded lower by 0.31% at $141.63 on the last check Thursday.