Warner Music to Downsize Global Workforce in Pursuit of Evolution.
TL;DR
Warner Music Group is reducing its global workforce by around 4%, or approximately 270 roles, as the company reallocates resources towards new skills for artist and songwriter development and new tech initiatives. The move comes as the company makes "hard choices in order to evolve" and position itself for growth at the intersection of creativity and technology. CEO Robert Kyncl emphasized that the decision was made thoughtfully by operators around the world and is not a blanket cost-cutting exercise.
Topics:entertainmentbusiness#business#cost-cutting#layoffs#music-industry#technology#warner-music-group
- Warner to reduce global workforce by around 4% as company makes ‘hard choices in order to evolve’ Music Business Worldwide
- Warner Music to Lay Off 270 Staffers, Making ‘Hard Choices in Order to Evolve’ Variety
- Warner Music to Cut 270 Jobs Amid Push to “New Tech Initiatives” Hollywood Reporter
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