Warner Music Group has announced to its staff that they will eliminate 270 jobs. Variety obtained a memo to the company from CEO Robert Kyncl, detailing the desire of the company “to take advantage of the opportunities ahead of us, we need to make some hard choices in order to evolve.”
In the memo, Kyncl wrote, “Every decision has been made thoughtfully by our operators around the world, who considered the specific needs, skills, and priorities of each label, division, and territory, in order to set us up for long-term success.”
Details on which department or positions that they layoffs will touch are currently unannounced, but the total of the company that will be impacted is 4%.
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You can read the full memo on here.
