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More Layoffs: Epic, Last.fm, Alliance, IDN

Layoffs
UPDATED: Sadly ’tis the season…

  • Long rumored layoffs at Epic Records have begun…(Billboard)
  • In May of 2007 CBS bought bought Last.fm for $280 million.  Yesterday they layed off 20 members of its 95 person staff calling the move further "integration".
  • Deep staff cuts continue at independent distributor/one stop Alliance Entertainment. Sources have it’s Innovative Distribution Network shutting down entirely leaving a number of indies homeless. Parent company Source Interlink hinted at further trouble during an earnings call yesterday and the company’s stock hovered around 20 cents a share.
  • Our roundup of music industry layoffs here.
  • Email Hypebot your layoff news and rumors here.

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1 Comment

  1. the guys had no problem to pay $280 millions and now they have to safe 1 million a year. wow!
    am I stupid or is the world around me getting crazy!!!!!!!!!
    gabba

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