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Universal Music Group, Home Of Taylor Swift, Plans Layoffs – Reports
Universal Music Group is planning what may become hundreds of job cuts to its recorded music division in its first quarter, according to numerous reports. A company spokesperson confirmed the layof…
If the layoffs occur, UMG would join a growing list of media and tech companies that have cut overhead. Over the past several years, we have been investing in future growth—building our ecommerce and D2C operations, expanding geographically and leveraging new technologies. While we maintain our industry-leading investments in A&R and artist development, we are creating efficiencies in other areas of the business so we can remain nimble and responsive to the dynamic market while realizing the benefits of our scale.”
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