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Warner Music Group Laying Off 10 Percent Of Workforce, Seeking Buyers For Uproxx and HipHopDX
A big layoff looms for Warner Music Group, which is slicing 600 people.
The Warner Music Group Corp.(WMG) logo Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Warner Music Group will lay off 10% of its worldwide workforce, about 600 people, CEO Robert Kyncl said in a memo released today. The company’s artists include Megan Thee Stallion, Beyonce, the Red Hot Chili Peppers, Paul Simon, AC/DC, and John Williams, among many others. Warner expects to create annual cost savings in the region of $200 million from the downsizing.
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