Warner Music Cuts 270 Jobs in Pursuit of Evolution and New Tech

Warner Music Group will lay off 270 employees, comprising around 4% of its global staff, as part of a reorganization to adapt to a rapidly changing business climate, according to an email from CEO Robert Kyncl. Kyncl stresses that the move is not a blanket cost-cutting exercise but rather a thoughtful decision made by operators around the world to set the company up for long-term success. The world's third-largest music company includes the labels Atlantic, Warner, 300-Elektra, Parlophone, the catalog division Rhino, and others, as well as Warner Chappell Music publishing.