Warner Music Initiating Layoffs, May Sell HipHopDX

Warner Music Group announced that they were going to commence layoffs within the next few weeks amid a pivot away from digital media. 

On Wednesday (February 7), Warner Music CEO Robert Kyncl sent out a memo to the staff informing them that the company was going to lay off 10% of its staff, or 600 people in the weeks ahead. The announcement comes a day before the release of the company's earnings report on Thursday (February 8).... Read more

via: https://kmojfm.com/wp/2024/02/warner-music-initiating-layoffs-may-sell-hiphopdx/

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