Universal Music Cuts 50 Staffers - hypebot

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Old Record Guy

"However, UMG will now be even better positioned to compete in the growing global, digital marketplace."

Sorry about having to lay you off, and btw, we're better off without you. Nice.

For ONCE, just once, I'd like to see a release from major about layoffs of accounting, business affairs, or finance areas. Majors always seem to fire creative people (this time a bunch of Verve marketing and A&R people got whacked). Say what you will about the value of record people, if you're signed to a major, who do you think actually works the album?

The last person to turn out the lights when the majors finally die will surely be a finance guy.


ayhan sahin

i once asked 'why are we always cutting from marketing staff but never from finance' They said we need'em...

The last time i checked there were three times more people in the accounting than the marketing... I think they keep them because they come in handy to calculate the amends or compensations while they paid to our 'old' marketing guys :)

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