Warner Music Group is cutting 4% of its global staff, in what its chief executive Robert Kyncl described as part of an effort to "evolve" the music giant.
The cuts, announced Wednesday in a staff memo from Kyncl, are expected to affect about 270 of the company's 6,200 employees around the world.
"In my discussions with our leaders across the company, many of them came to the same conclusion — that to take advantage of the opportunities ahead of us, we need to make some hard choices in order to evolve," wrote Kyncl, who took over as CEO earlier this year after previously serving as a top YouTube executive.
