Layoffs Loom As WMG Buyout Finalized

With the ink less than 24 hours dry and the $2.6 billion wire transfer having finalized the deal this morning (March 1), the new owners of the Warner Music Group are gearing up to slash 1,000 jobs wor

With the ink less than 24 hours dry and the $2.6 billion wire transfer having finalized the deal this morning (March 1), the new owners of the Warner Music Group are gearing up to slash 1,000 jobs worldwide, sources confirm. The cuts will be facilitated by the merger of the New York-based Atlantic and Elektra operations into one label.
THE BILLBOARD BIZ
SUBSCRIBER EXPERIENCE

The Biz premium subscriber content has moved to Billboard.com/business.


To simplify subscriber access, we have temporarily disabled the password requirement.