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 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 Atlantic Music Group this week.
Warner Music to lay off more employees in restructuring drive
Warner Music (WMG) is now expecting to lay off more employees as part of a major restructuring drive. Read more.
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 Announces Restructure of Atlantic Music Group, Including Layoffs
As part of a broader restructuring at Atlantic Music Group, a number of staffers were laid off today as Elliot Grainge prepares to take over as CEO.
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.
Layoffs Begin 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
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