MAJOR LABEL'S HEADQUARTERES (Hypebot) – We broke this story over the weekend, but here is the list to date of update on this year's Christmas layoffs at Island Def Jam, Sony BMG and elsewhere across major label and distributed labels.
Universal's Island Def Jam
Cuts so far total about a dozen or 6% of the label's total staffing
Warner Music Group
COMMENTARY: Expect end of the year layoffs to spread to other labels. And as sad as it is to see good people loose their jobs, expensive executive suites have long been a drag on the industry.
Deeper cuts across major label marketing, promo, and sales departments are far more troubling. At a time when labels are asking artists to sign broader 360 deals, they are also going to be less able to offer them the help they need to succeed.
The answer, however, is not just bulking up digital divisions with more VP's and SVP's as EMI is doing, but rather to hire more cost effective foot soldiers in all departments who understand technology and the fans and aren't afraid of the challenges ahead.