Music GroupsLayoff Rumor Mill: Sony BMG and Island Def Jam
Silicon Alley Insider and Digital Music News have posted about rumored upcoming layoffs at Sony BMG and Island Def Jam. Sony BMG, according to Silicon Alley Insider, will shed "40 to 70 mid-level execs" before the end of the year. Digital Music News has picked up chatter that cuts are imminent at Columbia Music Group as well as Island Def Jam ("particularly within A&R").
Posted by Glenn at 12:21 PM
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