Location: Newark, NJ, USA.
Department affected: audiobook division.
Based on news reporting.
Audible Newark has announced layoffs affecting approximately 300 employees in its audiobook division, as part of a restructuring effort. The layoffs are set to take effect on October 1, 2023, as the company aims to streamline operations and adapt to changing market conditions. This decision comes amid broader challenges faced by the audiobook industry, including increased competition and shifts in consumer behavior. Audible has communicated these changes to its staff, emphasizing the need for a more agile workforce to meet future demands.
Audible Newark cut 300 jobs affecting its audiobook division team as of October 1, 2023.
That is roughly 30% of the 1,000 people Audible Newark employs.
LayoffTalk has tracked 3 layoff events at Audible Newark since October 2023, affecting a combined 467 employees.
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