Yeah, this is what you want at Christmas time, news of mass layoffs at major record companies. The good news, though, is that these seem to be expected mainly in the US. Which isn't good news for CMU Daily readers in North America, granted, but may bring some Christmas cheer to those UK based SongBMGers who live their lives by Bono's famous words, "Tonight thank God it's them instead of you". Anyway, according to Digital Music News, cuts are expected soonish in both the Columbia US and RCA US divisions. Whether the downsizing will spread outside the States isn't yet clear. Though back in America, DMN go on to report rumours that cuts are also expected at Universal's Island Def Jam. Ha, and you thought it was EMI where jobs would go by Christmas.
Dec 3, 2007
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1 min read
Job cuts expected at SonyBMG US
Digital Music News reports job cuts are expected at SonyBMG's US Columbia and RCA divisions, with rumours of further cuts at Universal's Island Def Jam.