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1. variety.com › 2024 › musicUniversal Music Group to Lay Off 'Hundreds' in First Quarter

   variety.com › 2024 › music

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   Jan 12, 2024 · Jan 12, 2024 9:29am PT. Universal Music Group to Lay Off ‘Hundreds’ in First Quarter. By Jem Aswad. Michael Buckner for Variety. After weeks of rumors, Universal Music Group has...

2. www.msn.com › en-us › moneyUniversal Music Group Announces Major Layoffs Amid $271M ...

   www.msn.com › en-us › money

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   Universal Music Group NV (OTC: UMGNF) announced a "strategic organizational redesign" during its fourth-quarter earnings call, aiming for "efficiencies in targeted cost areas while strengthening ...

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4. www.digitalmusicnews.com › 2024/03/01 › universalUniversal Music Layoffs Arrive for Team Members and Execs Alike

   www.digitalmusicnews.com › 2024/03/01 › universal

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   Mar 1, 2024 · March 1, 2024. A sparsely populated office. Photo Credit: Jason Goodman. Following ample speculation – and about six weeks after confirming a team-size reduction – Universal Music Group (UMG)...

5. www.latimes.com › entertainment-arts › businessEntertainment layoffs: Pixar, UMG, Twitch, Amazon and more ...

   www.latimes.com › entertainment-arts › business

   Jan 12, 2024 · Jan. 12, 2024 2:34 PM PT. The new year is off to an ominous start for the entertainment industry, which is facing heavy layoffs at companies spanning film, TV, music and gaming. The tidal wave of...

6. People also ask

   Is Universal Music Group laying off employees?

   • After weeks of rumors, Universal Music Group has confirmed that it will be laying off an unspecified but significant number of employees in the coming weeks. The company’s recorded-music division is said to be receiving the brunt of the layoffs.

   Universal Music Group to Lay Off ‘Hundreds’ in First Quarter

   variety.com/2024/music/news/universal-music-group-lay-off-hundreds-1235870243/

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   Is Universal Music Group going out of business?

   • Universal Music Group ( UMG ), one of the industry's most prominent record labels, plans to lay off hundreds of employees later this quarter, according to Bloomberg. The layoffs, part of a broader restructuring, will supposedly be the largest since the company went public in 2021, Bloomberg noted.

   Media layoffs: Google, Paramount, Disney, and others commit to job cuts

   finance.yahoo.com/news/media-layoffs-google-paramount-disney-and-others-commit-to-job-cuts-in-2024-154141714.html

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   What happened to Universal Music Group?

   • This week, Universal Music Group followed suit, instituting layoffs in search of around $270 million in annual savings. The process started Wednesday and continued through Friday (March 1), impacting publicity departments, radio teams, A&R, marketing and more.

   Universal Music Layoffs Leave Staff, Artist Camps Lamenting Process

   www.billboard.com/pro/universal-music-layoffs-staff-artist-process/

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   Where are the Universal Music Group corporate offices?

   • The Universal Music Group corporate offices in Santa Monica. The new year is off to an ominous start for the entertainment industry, which is facing heavy layoffs at companies spanning film, TV, music and gaming. The tidal wave of job cuts has affected several major players, including Amazon, Pixar, Discord and Universal Music Group.

   Entertainment layoffs: Pixar, UMG, Twitch, Amazon and more - Los

   www.latimes.com/entertainment-arts/business/story/2024-01-12/entertainment-layoffs-pixar-amazon-mgm-twitch-discord-umg

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7. www.digitalmusicnews.com › 2024/02/28 › majorMajor Layoffs at Universal Music Group - Digital Music News

   www.digitalmusicnews.com › 2024/02/28 › major

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   Feb 28, 2024 · Universal Music Group plans to cut $271 million in jobs with an ‘organizational redesign,’ the exact numbers of which have not been disclosed. Universal Music Group ( UMG) revealed in its ...

8. www.billboard.com › pro › universal-music-layoffsUniversal Music Layoffs Leave Staff, Artist Camps Lamenting ...

   www.billboard.com › pro › universal-music-layoffs

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   Mar 1, 2024 · This week, Universal Music Group followed suit, instituting layoffs in search of around $270 million in annual savings. The process started Wednesday and continued through Friday (March 1),...

9. finance.yahoo.com › news › media-layoffs-googleMedia layoffs: Google, Paramount, Disney, and others commit ...

   finance.yahoo.com › news › media-layoffs-google

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   Feb 27, 2024 · Universal Music Group. Universal Music Group , one of the industry's most prominent record labels, plans to lay off hundreds of employees later this quarter, according to Bloomberg.

   • Video Duration: 3 min

   • Author: Alexandra Canal