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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