Columbia Latest Layoff Target

Some senior execs at Sony BMG’s Columbia Records are the latest to suffer the effects of declining music sales.  Sources have predicted that 40-70 mid-level managers within the Sony BMG label groups would be forced to leave before the ends of the year. Thus far they include:

• 
  Stephanie Gayle. Marketing VP
• CeCe McClendon, SVP Urban
• Gary Fisher, Video Promotion
• Maggie Wang, Publicity
• Tom Muzquiz, Publicity
• Ron Wilcox, EVP Business & Legal SonyBMG

Rumors continue of deeper cuts at SonyBMG and Geffen. This follows earlier layoffs we reported of 100 at RealNetworks and Universal.