Tunji Balogun’s planned departure comes amid job cuts and executive changes at UMG.
Universal Music Group (UMG) is cutting jobs across its U.S. and U.K. businesses and preparing for a leadership shake-up amid shifting economics in the global music industry.
According to Variety, the layoffs are part of a restructuring process announced in January 2024 that has continued into 2026. The changes include the departures of several senior executives at major labels, including Def Jam, Interscope, and Republic Records.
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