Sept 19 (Reuters) - Warner Music Group ( WMG ) said on

Thursday it would lay off about 150 employees, in addition to

its earlier job cuts this year, totaling to about 13% of its

workforce as part of a revised strategic restructuring plan to

free up funds.

In February, Warner Music ( WMG ) said that it would cut 600

employees. The company is now laying off a total of 750

employees.

The job cuts are set to impact teams such as its in-house ad

sales business and other support functions.

The company now expects pre-tax cost savings of about $260

million, the majority of which will be achieved by the end of

fiscal 2025, up from its earlier estimate of $200 million in

savings, it said in a filing.

Warner Music ( WMG ) said it expects to incur about $180 million of

total pre-tax charges associated with the plan by the end of

fiscal 2024.

The company has been trying to cut costs by combining or

disposing of its non-core media properties. In August, it said

that executives leading its Recorded Music and Atlantic Music

Group units would step down.