A bunch of execs are leaving Universal Music Group as more layoffs loom.
In January 2024, the label announced a major cost-cutting initiative that is expected to run through 2027. As another round of layoffs is expected, several executives are leaving, including Tunji Balogun, Chairman and CEO of Def Jam Recordings; Nicole Wyskoarko and Sam Riback of Interscope Geffen A&M; Ben Mortimer, President of Polydor Label Group; Rebecca Allen, Chief Artist and Strategy Officer at Universal Music Group UK; and Mark Crossingham, Managing Director of UMG Ireland. [Link: Multiple layoffs at Universal Music Group, as $270M cost-cutting program continues - Music Business Worldwide | https://www.musicbusinessworldwide.com/multiple-layoffs-at-universal-cutting-program-continues/ | Music Business Worldwide]
In January 2024, the label announced a major cost-cutting initiative that is expected to run through 2027. As another round of layoffs is expected, several executives are leaving, including Tunji Balogun, Chairman and CEO of Def Jam Recordings; Nicole Wyskoarko and Sam Riback of Interscope Geffen A&M; Ben Mortimer, President of Polydor Label Group; Rebecca Allen, Chief Artist and Strategy Officer at Universal Music Group UK; and Mark Crossingham, Managing Director of UMG Ireland. [Link: Multiple layoffs at Universal Music Group, as $270M cost-cutting program continues - Music Business Worldwide | | Music Business Worldwide]
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