Warner Music Group Corp. on Wednesday said it planned to cut about 270 jobs, or around 4% of its overall workforce, with most of them to be completed by the...
Warner Music Group Corp. WMG on Wednesday said it planned to cut about 270 jobs, or around 4% of its overall workforce, with most of them to be completed by the end of the company’s next fiscal quarter. Robert Kyncl, the music entertainment giant’s chief executive, said in a note to employees that “new business models are constantly emerging,” and that the company was “positioning itself for this new phase of growth at the intersection of creativity and technology.
WMG on Wednesday said it planned to cut about 270 jobs, or around 4% of its overall workforce, with most of them to be completed by the end of the company’s next fiscal quarter. Robert Kyncl, the music entertainment giant’s chief executive, said in a note to employees that “new business models are constantly emerging,” and that the company was “positioning itself for this new phase of growth at the intersection of creativity and technology.
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