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Sony Music Plans Layoffs
The long-rumored restructuring at Sony Music is expected to take a hefty bite out of the record giant’s sales staff, with some form of combination of sales forces at flagship Sony labels Epic and Columbia to be part of the deal, sources close to the company said. Exact figures are still being worked out, but the sales cuts will likely be well into the dozens when the smoke clears. Recent reports put the total number of expected layoffs around 1,000 staffers – though Sony insiders insist that number is high. Sales cuts would follow a general trend in the industry… Read more »