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Warner Music to cut 600 jobs, or 10% of staff - TL;DR CNBC

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: businessbusiness newswarner music group corplabor economylayoffsentertainment

Source: https://www.cnbc.com/2024/02/07/warner-music-to-cut-600-jobs-or-10percent-of-staff-.html


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