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How Universal and Warner Have Grown More Efficient Over the Past 10 Years

With growing revenues and better productivity, both Universal Music Group and Warner Music Group have gotten more efficient since 2015.

As part of that restructure, the company continued to lay off employees, most recently in the elimination of 150-175 jobs at the Atlantic Music Group. Since 2015, WMG has consistently improved efficiency — which is expected, because as revenue grows, staffing does, too, and companies generally benefit from economies of scale. (Depending on the year, the metric used was the average exchange rate for the two currencies as provided by the MacroTrends website, or as quoted by Vivendi in its annual reports, or as supplied by UMG.)

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