All articles tagged with #ceo announcement
Discord's Founder and CEO Jason Citron announced that the platform will refocus on its gaming roots, enhancing features for gamers and improving voice, video, and streaming technologies. This shift aims to deepen friendships around games and shared interests, moving away from broader community-centric functions.
Warner Music Group reported its highest quarterly revenue ever, up 17% to $1.75 billion, but CEO Robert Kyncl announced a 10% staff reduction, about 600 people, to free up $200 million in cost savings for reinvestment in the company, with much of the reduction coming from owned media properties and corporate roles. Kyncl emphasized the move is from a position of strength and aims to increase funding behind artists and songwriters, new skill sets, and tech, to align with the evolving music industry.