Warner Music to cut 600 jobs, or 10% of staff
Publishing timestamp: 2024-02-07 17:32:31
Summary
Warner Music is laying off 600 employees as part of a restructuring plan to save costs and invest in music and new technologies. The company expects to save $200 million by 2025 and will focus on its core music units and support functions.
Sentiment: NEGATIVE
Tickers: WMG,
Keywords: business, business news, warner music group corp, labor economy, layoffs, entertainment,
Source: https://www.cnbc.com/2024/02/07/warner-music-to-cut-600-jobs-or-10percent-of-staff-.html