Warner Music Terminating 600 Jobs in ‘Strategic Restructuring’ Plan

News of the job cuts comes on the same day the company revealed impressive financial results.

Warner Music said it expects to incur roughly $140 million in pre-tax charges as a result of the cuts. File photo shows the Warner Music logo.

Warner Music plans to lay off roughly 10 percent of its workforce—amounting to around 600 employees—as part of cost-cutting efforts.

The New York-headquartered entertainment and record label conglomerate announced the job cuts in a Securities and Exchange Commission (SEC) filing (pdf) dated Feb. 7.