Warner Music to cut 600 jobs, or 10% of staff

Warner Music is laying off 600 employees, or about 10% of its workforce, according to a Wednesday filing.The company said the layoffs are part of a broader restructuring plan aimed at saving costs to invest in more music and "accelerate the company's growth for the next decade." The layoffs are expected to save the company $200 million by the end of fiscal 2025.The majority of the savings will be allocated toward increasing investment in Warner Music's core music units and new technologies.According to the ...