Warner Music to cut 4% of global staff

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Go back to Warner Music to cut 4% of global staff

Warner Music (WMG) to cut 4% of jobs in push for 'new tech initiatives'

March 29, 2023 1:26 PM EDT

Warner Music Group (NASDAQ: WMG), the label behind artists such Ed Sheeran, Lizzo Cardi B and Bruno Mars, announced Wednesday that the media company will layoff 4% of its workforce, or 270 employees, globally and cut down discretionary spending in the near future.

Robert Kyncl, WMGs newly appointed CEO, told staff via an internal memo that were reallocating resources towards new skills... More