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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.
Warner Music Sees More Layoffs in Restructuring Push
The majority of the cuts are still expected to be related to the O&O Media Properties, corporate and various support functions, Warner Music said. Warner Music added that it now expects to book pre-tax restructuring charges of $210 million, up from an original estimate of $140 million.
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.
12h
Spotify, Warner Music, Live Nation Lead Music Stocks to New High
The Billboard Global Music Index rose 4.1% to a record 1,873.87 this week, bringing its year-to-date gain to 22.2% thanks to ...
3d
on MSN
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.
Spotify
3d
Kevin Liles to exit Warner Music Group as big changes at major continue under Robert Kyncl
Warner Music Group acquired the Liles-led 300 Entertainment in a $400 million cash deal in calendar Q4 2021. Writing in his ...
1d
Music News | Today's Latest Stories | Reuters
Reuters.com is your online source for the latest Music news stories and current events, ensuring our readers up to date with ...
Variety on MSN
1d
Layoffs Begin at Atlantic Music Group
Incoming Atlantic CEO Elliot Grainge officially starts work on Oct. 1;
Warner
’s head of recorded
music
, Max Lousada, also ...
Music Week
2d
Warner Music Group's emissions targets given seal of approval by corporate climate action initiative
Warner
Music
Group’s near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based ...
Spotify
3d
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 ...
The Express Tribune
2d
Warner Music Group Executive VP Kevin Liles steps down
Warner Music Group Executive Vice President Kevin Liles has announced his departure from the label and subsidiary 300 Elektra ...
20h
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 ...
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