Universal Music Group Begins Major Layoffs, Senior Execs Depart — SkimNews
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- Universal Music Group is being hit with extensive layoffs across its U.S. and U.K. operations, with multiple senior executives departing among many others.
- The cuts continue a restructuring process that sources say was originally announced back in January 2024 and remains ongoing.
Why it matters: UMG is the world's largest recorded music company, so workforce reductions at this scale across both major English-language markets indicate a sustained cost-cutting push that began over a year ago in January 2024 and shows no sign of wrapping up soon.
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