The layoffs and restructuring at the Universal Music Group have begun to take place, multiple sources tell Billboard. As part of the new structure, several top executives have been laid off ...

Jan 12 (Reuters) - Universal Music Group will lay off some employees in 2024, a company spokesperson said on Friday, making the world's largest record label the latest to join a wave of layoffs ...

UPDATE: As expected, layoffs commenced today at Universal Music Group, which includes Interscope, Republic, Capitol, Def Jam and Island, as well as catalog division Universal Music Enterprises and ...

After weeks of rumors, Universal Music Group has confirmed that it will be laying off an unspecified but significant number of employees in the coming weeks. The company’s recorded-music ...

As expected, layoffs began hitting Universal Music Group almost immediately after the company’s earnings call on Wednesday. The moves, which have been signaled by chairman-CEO Lucian Grainge ...

By Melinda Newman As Universal Music Group chairman/CEO Lucian Grainge ... to “cut to grow,” UMG is expected to begin laying off employees as soon as this quarter. Bloomberg first reported ...

Universal Music ... trends within the music and media industry, with other major players like Warner Bros. Discovery Inc's WBD Warner Music Group also announcing layoffs to optimize resources ...

By Etan Vlessing Canada Bureau Chief Universal Music Group has posted higher-fourth quarter revenues and adjusted earnings as the major label was lifted by the latest releases from Taylor Swift ...

As part of its fourth-quarter earnings call, Universal Music Group (UMG) said that a “strategic ... The redesign is expected to include the long-awaited layoffs that have been signaled by ...

The music major, led by chairman and CEO Lucian Grainge, saw overall revenues rise 16.7 percent to 2.94 billion euros ($3.14 billion) as streaming and subscription revenues rose year-over-year.