Universal Music Group has laid off a fresh round of executives as part of its previously announced $270 million cost-cutting program. Departures include Tunji Balogun, Ben Mortimer, Nicole Wyskoarko and Sam Riback, according to Music Business Worldwide.
The cuts add to a string of restructuring moves at UMG this year, as the major label group works to streamline operations and reduce overhead across its roster of labels and divisions.
Read the full story at Music Business Worldwide.