The company reported record revenue growth of 11% in the final quarter of 2023, with a net income of $193 million—a marked improvement from the $124 million generated during the same period the previous year. Further, Warner Music has secured half of the top 10 songs on Billboard Hot 100. According to the report, Warner Music's layoffs add to a wave of corporate downsizing that has primarily affected the tech industry in recent months, echoing a trend of workforce reductions observed throughout 2022 and 2023. Among the notable layoffs this year include Block's, slashing 1,000 positions; eBay's reduction of 1,000 employees; PayPal's cut of 2,500 jobs; Wayfair's elimination of 1,650 positions; and Microsoft 's sizable reduction of 1,900 employees. Have something to say about this story? Leave a comment below.