Amazon's Wondery Podcast Unit Trims Jobs
Amazon.com cut "a small number" of jobs at its Wondery podcast unit, known for "Dr. Death" and "Business Wars," the company said in a statement to Reuters on Friday. Amazon purchased Wondery in 2020 for a reported $300 million and last year signed a three-year $100 million deal for rights to "New Heights with Jason and Travis Kelce." The restructuring aims to restore full founder ownership and maintain KAYALI's independence under Kattan's leadership.
- This move suggests that the podcast industry is facing significant structural changes, as established players like Amazon are reevaluating their investments in content creation.
- Will the impact of this job reduction be felt across other streaming platforms, forcing them to reassess their own strategies for producing and distributing high-quality podcasts?