The layoffs and restructuring at the Universal Music Group have begun to take place, multiple sources tell Billboard. As part of the new structure, several top executives have been laid off ...

By Melinda Newman As Universal Music Group chairman/CEO Lucian Grainge forecast in an October earnings call, saying that the company would need to “cut to grow,” UMG is expected to begin ...

As expected, layoffs began hitting Universal Music Group almost immediately after the company’s earnings call on Wednesday. The moves, which have been signaled by chairman-CEO Lucian Grainge ...

UPDATE: As expected, layoffs commenced today at Universal Music Group, which includes Interscope, Republic, Capitol, Def Jam and Island, as well as catalog division Universal Music Enterprises and ...

Universal Music ... trends within the music and media industry, with other major players like Warner Bros. Discovery Inc's WBD Warner Music Group also announcing layoffs to optimize resources ...

The music major, led by chairman and CEO Lucian Grainge, saw overall revenues rise 16.7 percent to 2.94 billion euros ($3.14 billion) as streaming and subscription revenues rose year-over-year.

making the world's largest record label the latest to join a wave of layoffs this year. Universal Music Group (UMG) may cut hundreds of jobs in the first quarter, mostly in its recorded music ...

This fell short of Bloomberg’s consensus estimate of 11% growth. See Also: Universal Music Group Announces Major Layoffs Amid $271M Strategic Overhaul The streaming revenue also saw a ...

The layoffs and restructuring at the Universal Music Group have begun to take place, multiple sources tell Billboard. Layoffs continued Thursday (Feb. 29), and some staffers speculated to ...