UMG cans 50 people
p2pnet news view | Music:-Universal Music Group UMG has fired about 50 staffers, “according to label sources who spoke on the condition of anonymity”, says the Los Angeles Times.
The cuts, representing less than 1% of the company’s worldwide workforce of 8,000, were “made across multiple labels as well as UMG’s distribution arm, Universal Music Group Distribution, which is headquartered in Universal City,” says the story.
“Labels affected included Verve and Interscope,” it says, quoting a statement as saying:
“Given the current economic climate, we have to be as agile and efficient as possible. Unfortunately, these ongoing efforts have resulted in some redundancy.”
We understand Lady Ga Ga is still employed.
..… and identi.ca
Los Angeles Times – Layoffs hit Universal Music Group, January 14, 2010
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January 15th, 2010 at 11:14 am
What about firing all execs?
January 15th, 2010 at 2:54 pm
Apparently Christian Jorg and Mark Lehmann, digital execs from Island Def Jam, are among the 50.
January 15th, 2010 at 6:59 pm
Try a little under 130 people laid off, not 50.
January 15th, 2010 at 9:26 pm
You can bet they’ll be blaming that 1% layoff rate on internet file-sharing, as they continue to push for tough new anti-internet-freedom laws.
By comparison, many other major industries, such as construction, virtually collapsed in the past year due to the recession. Compared to the rest of the economy, the record labels are doing very well indeed, and Hollywood had its best year ever.
January 16th, 2010 at 12:03 am
I posted this on another article, but i think its valid here too…………..
The RIAA (bullshit name for the mob) should fear net neutrality!
But thats not all that they should fear, we the CUSTOMERS of the recording industry are fed up with the bullshit, lies and threats (FUD). We do not CONSUME music, look up the bloody definition of the word you morons, we dont EAT music we listen to it, and we SHARE GOOD MUSIC with our friends and family.
What the RIAA and thier puppet masters really should fear is US! The masses FORMERLY known as customers, are still customers. You lazy fat music killing bastards wouldnt have a pot to piss in (or any to smoke) if it wasnt for us, and now we are just damn tired and pissed off about how you treat us.
Now you want to whine about not being able to pay your artists, or create new ones. Thats bullshit too, if you stop ripping everyone off (including signed artists) you just might find some of us willing to make sure they get paid, and if you really want to pay them lay off the drugs, booze, and whores and take a PAY CUT like the rest of us, then try a little reality for once!
(slides soap box under desk) DONE!