layoffs

News

iHeartMedia cuts radio jobs across US as it targets $50m in annual cost savings (report)

According to RadioInsight, nationwide station budget cuts began Tuesday and rolled out through the week.

News

After emerging from bankruptcy, Audacy lays off up to 300 staff (reports)

Audacy has significantly reduces its debt and is now focused on 'streamlining resources to stay competitive'

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Following app debacle, Sonos slashes 12% of workforce amid takeover talks

The company has laid off 200 people ahead of the release of its fiscal Q1 results

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Downtown confirms layoffs at CD Baby amid restructuring

The company says it's "re-allocating resources towards long-term growth opportunities"

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Latest round of TIDAL layoffs could hit a quarter of staff (report)

Speculation within the company says as many as 100 people could lose their jobs

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TikTok slashes hundreds of jobs globally as it shifts focus to AI content moderation (reports)

Some 500 people are losing their jobs in Malaysia, along with potentially 125 layoffs in the UK

Analysis News

Robert Kyncl talks Believe, M&A, India, superfans and more on WMG’s latest earnings call

WMG says it's the only one of the major to grow market share in India and Sub-Saharan Africa last year

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SiriusXM trims another 3% of workforce, citing efficiency and streaming push (Report)

CEO Jennifer Witz says the company needs to be "more efficient, agile, and flexible" in today's changing landscape

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TikTok cuts 60 jobs across sales and advertising divisions (Report)

The layoffs come despite strong revenue growth and ambitious plans at the social media company

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TIDAL cuts 10% of staff as parent company Block enforces cost-saving measures

Parent company Block recently said it's planning to implement a cap on its headcount.

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Utopia axes 5% of staff as company shuts down R&D operations in the UK and Finland

A spokesperson told MBW that, 'Utopia is currently streamlining its organization to increase efficiency'.

Analysis Interviews News

Utopia wants to be the ‘operating system’ for the music industry, and 3 other things we learned from founder Mattias Hjelmstedt’s new interview

In a rare interview on the Dealmakers podcast with Alejandro Cremades, Utopia founder Mattias Hjelmstedt dropped some hints as to what has been happening with the company

News

Spotify cuts 200 jobs as it restructures its podcast division

Layoffs represent about 2% of the company’s total workforce

Analysis News

Meta launches latest round of layoffs, as company’s market cap value rebounds

Round of layoffs announced in March began on Tuesday (April 18), according to reports