Universal Music Group cutting jobs in 2024, evolving ‘organizational structure’
Universal Music Group (UMG) is scaling back its staffing levels to kick off 2024.
What’s happening at Universal Music Group?
According to news outlets, including Bloomberg, UMG could cut hundreds of jobs in the first quarter — with its recorded music division expected to bear the brunt of the layoffs.
While the world’s largest record label confirmed that it’s letting staff go, it didn’t specify how many positions will be affected.
In a memo to staff, CEO Lucian Grainge noted that the company remains focused on building its direct-to-customer and e-commerce operations.
“In 2024, as we continue…investments in A&R and artist development, we will further evolve our organizational structure to create efficiencies in other areas of the business,” Grainge said in the memo that was obtained by Reuters.
At the end of 2022, UMG employed a total workforce of approximately 10,000 people, according to regulatory filings.
Impact at Universal Music Canada
It remains unclear if Canadian employees will be affected by the latest reduction at UMG.
Universal Music Canada’s LinkedIn page claims that it has more than 130 workers in the country.
If you’re a non-unionized employee, check out our Universal Music Group Layoffs Guide. You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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