Warner Music to Downsize Global Workforce in Pursuit of Evolution.

Warner Music Group is reducing its global workforce by around 4%, or approximately 270 roles, as the company reallocates resources towards new skills for artist and songwriter development and new tech initiatives. The move comes as the company makes "hard choices in order to evolve" and position itself for growth at the intersection of creativity and technology. CEO Robert Kyncl emphasized that the decision was made thoughtfully by operators around the world and is not a blanket cost-cutting exercise.