Incoming Atlantic CEO Elliot Grainge officially starts work on Oct. 1 Variety has obtained an internal memo from Warner Music CEO Robert Kyncl, which follows in full. Hi everyone, Since we announced Julie would be stepping down,

Warner Music Group in a new SEC filing disclosed the expected financial impact of reducing headcount and other cuts at Atlantic Music Group this week.

KEY TAKEAWAYS Warner Music Group said it is going to increase its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations.The entertainment company said it would reduce its staff by about 750 employees or 13% of its total headcount,

D: As expected, in the wake of the impending departures of top Atlantic Music Group executives Julie Greenwald and Kevin Liles, a large wave of layoffs have begun at the storied company as it begins what Warner Music CEO Robert Kyncl describes as “a new dynamic structure for the label group.