Warner Music Group to Reduce Staff Again, Plans to Invest $300 Million Back Into Music & More

PCO forecasts $64-million cut, dropping 64 staff over next three years

The Privy Council Office's departmental plan outlines $278-million in spending this fiscal year—easily a four-year high—while forecasting cuts down to $214-million by 2027-28.

Warner Music Group announces $170 million in layoffs as part of larger restructuring plan

Warner Music Group will reduce its headcount by $170 million as a part of a larger plan to restructure and reduce costs. It's unclear how many employees will be impacted by the layoffs.

Warner Music Group to Undergo Layoffs as Part of $300 Million Cost-Savings Plan

Warner Music Group will undergo layoffs as part of a $300 million cost-savings and reinvestment plan, CEO Robert Kyncl said in a memo to staff.

Warner Music Group to Reduce Staff Again, Plans to Invest $300 Million Back Into Music & More

Warner Music Group plans to cut annual costs by $300 million through a combination of layoffs and reducing administration and real estate expenses

Warner Music Announces Further Restructuring, $170 Million in Staff Cuts

Hours after Warner Music unveiled a $1.2 billion joint venture with Bain Capital, the company announced more restructuring moves, including layoffs.

Warner Music chief announces more job cuts in bid to save $170 million

Warner Music has announced another round of significant downsizing with the aim of saving about $300 million a year in overall costs. $170 million of those savings will come from job cuts, or - in the words of boss man Robert Kyncl - “headcount rightsizing for agility and impact”. So yeah, lots of job cuts. These latest cuts, Kyncl says in a memo to the major’s employees, are the final phase in his mission to “future-proof the company and unlock…