Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees – about 10% of its workforce.

The entertainment conglomerate now expects to cut its workforce by 13%, or about 750 employees—up from a 10% reduction.

Warner Music Group said on Thursday it would lay off about 750 employees, or 13% of its workforce, as part of a revised strategic restructuring plan to free up funds.

The entertainment and record label conglomerate said that it will reduce its workforce by about 750 employees, representing ...