Warner Music Expands Layoffs in Restructuring Push

KEY TAKEAWAYS Warner Music Group said it is going to increase its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations. The entertainment company said it would reduce its staff by about 750 employees or 13% of its total headcount, from original plans to lay off 600 people or 10% of its workforce. Warner Music shares edged lower in early trading Friday and have lost about 15% of their value so far this year. Warner Music Group (WMG) said it is g ...