Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Amazon cuts more jobs, this time in books division
    Finance

    Amazon cuts more jobs, this time in books division

    Amazon cuts more jobs, this time in books division

    Published by Global Banking and Finance Review

    Posted on June 6, 2025

    Featured image for article about Finance

    By Greg Bensinger

    SAN FRANCISCO (Reuters) -Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday.

    The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations.

    "As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we’ve made the difficult decision to eliminate a small number of roles within the Books organization," an Amazon spokesperson said in a statement.

    Amazon has been making piecemeal job cuts, most recently in its devices and services unit, as well as its Wondery podcast division and stores and communications staff. 

    CEO Andy Jassy is undertaking an initiative to reduce what he has described as an excess of bureaucracy at the company, including by reducing the number of managers.

    Through this year's first quarter, Amazon added about 4,000 jobs compared to last year's fourth quarter, according to a disclosure last month.

    Shares of Amazon closed 0.3% higher on Thursday and are down 5.6% so far this year. The job cuts in the books division were first reported by Business Insider.

    (Reporting by Greg Bensinger; Editing by Jamie Freed)

    Related Posts
    Exclusive-US interdicting, seizing vessel off Venezuelan coast, officials say
    Exclusive-US interdicting, seizing vessel off Venezuelan coast, officials say
    Stellantis CEO says investments at risk in Europe after EU auto package
    Stellantis CEO says investments at risk in Europe after EU auto package
    Italy's TIM wins 1 billion euro court payout, eyes savings share conversion
    Italy's TIM wins 1 billion euro court payout, eyes savings share conversion
    Bangladesh holds state funeral for slain youth leader amid tight security
    Bangladesh holds state funeral for slain youth leader amid tight security
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    EU Council backs digital euro with both online and offline functionality
    EU Council backs digital euro with both online and offline functionality
    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done
    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done
    Euro zone consumer confidence falls to -14.6 in December
    Euro zone consumer confidence falls to -14.6 in December
    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
    UK children's author David Walliams dropped by publisher after harassment allegations
    UK children's author David Walliams dropped by publisher after harassment allegations
    Germany removes dividend ban for Uniper, paving way for IPO
    Germany removes dividend ban for Uniper, paving way for IPO
    Golden Goose gets new majority owner as China's HSG buys stake from Permira
    Golden Goose gets new majority owner as China's HSG buys stake from Permira

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostStablecoin giant Circle's shares surge in blowout NYSE debut
    Next Finance PostUK secures action from Amazon to tackle fake reviews

    More from Finance

    Explore more articles in the Finance category

    Rubio says not concerned about escalation with Russia over Venezuela

    Rubio says not concerned about escalation with Russia over Venezuela

    ECB's Escriva expects monetary policy to remain steady

    ECB's Escriva expects monetary policy to remain steady

    French government to appeal court ruling on Shein

    French government to appeal court ruling on Shein

    Russian central bank governor Nabiullina speaks after rate cut

    Russian central bank governor Nabiullina speaks after rate cut

    Strategy and bitcoin-buying firms face wider exclusion from stock indexes

    Strategy and bitcoin-buying firms face wider exclusion from stock indexes

    Carnival Corp sees strong annual profit, resumes dividend as bookings rise

    Carnival Corp sees strong annual profit, resumes dividend as bookings rise

    London's FTSE 100 climbs as miners, defence outperform in data-heavy week

    London's FTSE 100 climbs as miners, defence outperform in data-heavy week

    Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

    Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit

    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit

    German court jails man for drugging, raping wife, posting assaults online

    German court jails man for drugging, raping wife, posting assaults online

    UniCredit issues its first tokenised structured note

    UniCredit issues its first tokenised structured note

    UK competition watchdog to probe AB Foods' Hovis purchase

    UK competition watchdog to probe AB Foods' Hovis purchase

    View All Finance Posts