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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.
The “significant majority” of severance payments and other termination costs from this year’s restructuring are expected to be paid by the end of fiscal 2026, according to the filing. “WMG is transforming swiftly this year, in a fast-paced, fiercely competitive industry,” CEO Robert Kyncl wrote Thursday in an internal memo to staff. WMG began its restructuring plan in February by announcing it would sell its owned and operated media properties and eliminate some corporate and support roles.
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