The longtime Atlantic Records co-leader and Atlantic Music Group chairman/CEO announced at a town hall that she will depart at the end of January.
In the new structure, Atlantic's longtime co-leader Julie Greenwald will become chairman of Atlantic Music Group, with Elliot Grainge stepping into the role of CEO.
Chair/CEO Julie Greenwald said the layoffs will be "primarily happening in our radio and video teams," adding that new hires will come on in digital and social media roles.
Greenwald will continue to run Atlantic Records alongside Craig Kallman.
