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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Universal Music Group, Home Of Taylor Swift, Plans Layoffs – Reports

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deadline.com

Universal 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.

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