Warner Music Group Layoffs: Atlantic Music Group cuts 6-7% of staff amid restructure

What’s happening at Warner Music Group?

Warner Music Group (WMG) has announced that Atlantic Music Group will lay off approximately 6-7% of its staff, affecting between 150 and 175 employees. The cuts come as part of a broader restructuring ahead of Elliot Grainge’s appointment as CEO of Atlantic Music Group on October 1, 2024.

Details of the layoffs

Notable departures include key executives from Atlantic and Elektra Entertainment:

• Margo Scott, EVP/head of business & legal affairs, 300 Elektra Entertainment
• Michael Kyser, president of Black music, Atlantic Records
• Grace James, EVP/head of marketing, Atlantic Records
• Others from business, marketing, and streaming divisions

This is the fourth round of layoffs at WMG in 18 months, following a 4% company-wide cut in March and further reductions in February 2023.

Official statements and context

WMG CEO Robert Kyncl acknowledged the contributions of those leaving, emphasizing the company’s need to adapt to the fast-paced industry. This move mirrors broader layoffs across the music industry as major labels restructure to stay competitive.

Layoffs in Canada

It remains unclear exactly how many WMG employees in Canada will lose their job as a result of this layoff.

According to the company’s LinkedIn page, it has more than 620 workers in the country.

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