Hiphopdx

Warner Music Group to Cut 10% of Workforce and Seek Buyers for Uproxx and HipHopDX

Warner Music Group is laying off 10% of its workforce, approximately 600 employees, with a focus on its owned and operated media properties including Uproxx and HipHopDX, seeking buyers for the platforms while shutting down IMGN and Interval Presents. The company expects to achieve annual cost savings of around $200 million from the downsizing.