- Amazon cuts jobs in music streaming unit

Amazon.com has announced that it is cutting jobs in its Music division. This is part of a series of layoffs that have affected over 27,000 employees of the company in the past year. Employees in Latin America, North America, and Europe have received notices of job eliminations. The exact number of employees impacted has not been disclosed. An Amazon spokesperson confirmed the layoffs and stated that the company is prioritizing customer needs and the long-term health of its businesses. Despite the layoffs, Amazon reported strong third-quarter net income and forecasted revenue in line with expectations for the final quarter, which is crucial due to holiday shopping. Amazon has been quietly reducing jobs in its Studios, Video, and Music divisions. Amazon Music competes with other streaming services such as Spotify, Pandora, Google, and Apple. The monthly subscription price for Amazon Music was raised earlier this year. The article was written by Greg Bensinger, a technology correspondent for RushHourDaily.