Atlantic Music Group has tapped Erica Bellarosa to serve as general counsel as part of a leadership shakeup inside the record label owner.

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.

Warner Music Group whose artists include Ed Sheeran and David Guetta expects to lay off more employees than it had originally forecasted as part of a restructuring plan aimed at strengthening its recorded-music business.

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,