As anticipated, Warner Music CEO Robert Kinkel begins a wave of mass layoffs on the storied firm as Atlantic Music Group executives Julie Greenwald and Kevin Lyles are set to depart. Describing it as “a brand new dynamic construction”.
The precise quantity was unclear on the time of publication, with representatives from the corporate declining to remark, however the quantity is probably going within the a whole lot. Incoming Atlantic CEO Elliot Grainge will formally begin work on October 1; Warner Music’s head of recording Max Lousada additionally introduced his departure earlier this 12 months, clearing the best way for the corporate’s construction the place all file label and publishing executives report on to Kyncl the best way.
kind Kyncl’s inside memo has been obtained and its full textual content is under.
Hiya everybody,
Since we introduced that Julie can be stepping down, we have now been rigorously analyzing the right way to develop the way forward for Atlantic Music Group. Subsequent week, we’ll unveil a brand new dynamic construction for the label. Elliot will take over as CEO of AMG on October 1.
As a part of the reorganization, we’ll sadly say goodbye to proficient individuals. I do know you’ve got been ready to listen to about this plan, and we determined to make these arduous decisions one step at a time reasonably than making adjustments piecemeal.
It may be a tough day, and by 9pm ET you may know in case your job is affected. Your management and personnel workforce will give you all of the essential particulars. We’re dedicated to serving to these affected by this with the utmost respect and supporting them throughout their transition.
I need to thank everybody at Atlantic, 300 and Elektra for his or her arduous work, enthusiasm and creativity. I might particularly wish to thank those that are leaving us. You left an indelible mark on this firm and the careers of the unimaginable artists you supported. Phrases can’t specific beneath the circumstances, however we’re eternally grateful for all of your contributions and achievements through the years. We want you all the perfect and know you’ll proceed to do nice issues within the chapters forward.
This 12 months, WMG is quickly reworking in a fast-paced, aggressive business. As all the time, delivering nice outcomes for artists and songwriters is our high precedence in all our decisions.
As I discussed, you may be listening to extra about AMG’s plans subsequent week, with Elliott making bulletins in regards to the management workforce. On the identical time, we have now a lot unimaginable music in the marketplace and a few nice initiatives occurring. Your continued assist of your teammates is wonderful and your dedication to your music is extraordinary.
Thanks and take care,
Robert
kind We may have extra info because the scenario develops.
