Warner Music to Lay Off 270 Staffers, Making ‘Hard Choices in Order to Evolve’
variety.comJem Aswad Senior Music Editor Warner Music Group will eliminate 270 positions as part of a wider evolution of the company, new CEO Robert Kyncl announced to the company’s staff in an email obtained by K In order “to take advantage of the opportunities ahead of us, we need to make some hard choices in order to evolve,” according to the memo.
It was not immediately clear which positions or divisions will be affected. Warner is the world’s third-largest music company and includes the labels Atlantic, Warner, 300-Elektra, Parlophone, the reissue division Rhino and others, as well as Warner Chappell Music publishing.
Kyncl was announced as the new CEO last September and in February took over for Steve Cooper, who left the company after 11 years.
Kyncl, who for years had bridged the tech and entertainment worlds in major roles at Netflix — including overseeing the company’s shift to streaming — and YouTube, in which he was pivotal in repairing the streaming giant’s formerly contentious relationships with music companies.
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