Amazon is breaking up Wondery as podcasts shift to video. Read the memo explaining the changes.
1. Amazon lays off 110 employees, including Wondery's CEO. 2. Wondery's narrative podcasts will move to Audible; focus shifts to creator-led content. 3. Company hopes to monetize podcasts through big-name hosts and ad sponsorships. 4. Podcasting landscape evolving towards video and personality-driven shows. 5. Wondery's podcast revenue has grown more than 4x since Amazon's acquisition.