News Speculation within the company says as many as 100 people could lose their jobs
News Some 500 people are losing their jobs in Malaysia, along with potentially 125 layoffs in the UK
Analysis News WMG says it's the only one of the major to grow market share in India and Sub-Saharan Africa last year
News CEO Jennifer Witz says the company needs to be "more efficient, agile, and flexible" in today's changing landscape
News The layoffs come despite strong revenue growth and ambitious plans at the social media company
News Parent company Block recently said it's planning to implement a cap on its headcount.
News A spokesperson told MBW that, 'Utopia is currently streamlining its organization to increase efficiency'.
Analysis Interviews News In a rare interview on the Dealmakers podcast with Alejandro Cremades, Utopia founder Mattias Hjelmstedt dropped some hints as to what has been happening with the company
News Layoffs represent about 2% of the company’s total workforce
Analysis News Round of layoffs announced in March began on Tuesday (April 18), according to reports