Universal Music Group, Home Of Taylor Swift, Plans Layoffs – Reports
Reading now: 742
deadline.comUniversal Music Group is planning what may become hundreds of job cuts to its recorded music division in its first quarter, according to numerous reports.
A company spokesperson confirmed the layoffs on Friday, but did not say how many were anticipated. The company has more than 11,000 employees worldwide.
If the layoffs occur, UMG would join a growing list of media and tech companies that have cut overhead. Warner Bros. Discovery, Disney, NBCUniversal, Google and others have already trimmed.
A UMG spokesperson told Music Business Weekly: “We continue to position UMG to accelerate its leadership in music’s most promising growth areas and drive its transformation to capitalize on them.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
