Warner Music Expands Layoffs in Restructuring Push
KEY TAKEAWAYS Warner Music Group said it is going to increase its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations.The entertainment company said it would reduce its staff by about 750 employees or 13% of its total headcount,
Warner Music to lay off more employees in restructuring drive
Warner Music (NASDAQ:WMG) is now expecting to lay off more employees than it originally planned as part of a restructuring drive to free up more funds to invest in its core music business and accelerate its growth for the next decade.
Warner Music to cut additional 150 jobs in restructuring push
Warner Music Group said on Thursday it would lay off about 750 employees, or 13% of its workforce, as part of a revised strategic restructuring plan to free up funds.
Hundreds of Layoffs Expected at Atlantic Records as Warner Music Group Begins "Dynamic Restructuring"
The pending departures of top execs will enable a new structure where all WMG subsidiary label and publishing heads report to CEO Robert Kyncl
Warner Music to cut 750 jobs in restructuring push
WARNER Music Group said on Thursday it would lay off about 750 employees, or 13 per cent of its workforce, as part of a revised strategic restructuring plan to free up funds. In February, Warner Music said that it would cut 600 employees - about 10 per cent of its workforce.
Warner Music Increases Layoff Plans
The entertainment conglomerate now expects to cut its workforce by 13%, or about 750 employees—up from a 10% reduction.
Warner Music Group Discloses Expected Financial Impact of Atlantic Layoffs
Warner Music Group in a new SEC filing disclosed the expected financial impact of reducing headcount and other cuts at ...
Kevin Liles to Leave Warner Music Group
In the latest shakeup at Warner Music Group, 300 Elektra chief Kevin Liles will leave the company at the end of the year.
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Warner Music Group’s emissions reduction targets validated by Science Based Targets initiative
Warner Music Group has secured validation from the Science Based Targets initiative (SBTi) for its near-term emissions ...
Warner Music Japan President and CEO Kaz Kobayashi to Step Down
K Kaz Kobayashi is stepping down as president and CEO of Warner Music Japan after a decade in the role, the company announced ...
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Atlantic Music Group set to reveal reorganisation plan
Atlantic Music Group (AMG) in the US is set to reveal its reorganisation plan next week. In a memo to staff seen by Music ...
Layoffs Begin at Atlantic Music Group
D: As expected, in the wake of the impending departures of top Atlantic Music Group executives Julie Greenwald and Kevin ...
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Kaz Kobayashi to step down as President and CEO of Warner Music Japan
Respected music industry veteran Kaz Kobayashi will step down as President and CEO of Warner Music Japan later this year. The ...