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 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 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 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 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.
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.
Layoffs Begin at Atlantic Music Group
As expected, in the wake of the impending departures of top Atlantic Music Group executives Julie Greenwald and Kevin Liles, ...
Analysts’ Opinions Are Mixed on These Communication Services Stocks: Warner Music Group (WMG) and T Mobile US (TMUS)
Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Warner Music Group (WMG – ...
The Express Tribune2d
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 ...
Music Week2d
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 ...
Spotify3d
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 ...
Warner Music Group (WMG) Gets a Buy from Evercore ISI
Evercore ISI analyst Kutgun Maral maintained a Buy rating on Warner Music Group (WMG – Research Report) today and set a price target of ...
Daily Mail2d
Warner Music Group Executive VP Kevin Liles steps down from the label and subsidiary 300 Elektra Entertainment
Kevin Liles, an executive vice president at Warner Music Group, announced that he was leaving the record label conglomerate on Tuesday. The 56-year-old executive announced his news in an ...
Music Week2d
Warner Music Group's emissions targets given seal of approval
Warner Music Group’s near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based ...