Warner Music Group, home to the likes of Ed Sheeran, Cardi B and Bruno Mars, is set to lay off 270 employees, or around 4 percent of its global workforce.
On Wednesday, newly-installed CEO Robert Kyncl told staff via an internal memo that “we’re reallocating resources towards new skills for artist and songwriter development and new tech initiatives.” About 6,200 employees worked at Warner Music as of last September, per its annual report.
The former YouTube chief business officer, who replaced Stephen Cooper as head of the music label on Jan. 1, is focusing on technology after his experience at the Google social media platform in building business relationships with online creators and ensuring the video and music platform was a top platform for creator monetization.
“In my discussions with our leaders across the company, many of them came to the same conclusion – that to take advantage of the opportunities ahead of us,...
On Wednesday, newly-installed CEO Robert Kyncl told staff via an internal memo that “we’re reallocating resources towards new skills for artist and songwriter development and new tech initiatives.” About 6,200 employees worked at Warner Music as of last September, per its annual report.
The former YouTube chief business officer, who replaced Stephen Cooper as head of the music label on Jan. 1, is focusing on technology after his experience at the Google social media platform in building business relationships with online creators and ensuring the video and music platform was a top platform for creator monetization.
“In my discussions with our leaders across the company, many of them came to the same conclusion – that to take advantage of the opportunities ahead of us,...
- 3/29/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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