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More On Changes At The Orchard

NEW YORK (Hypebot) –

  • Staffers shared privately with Hypebot that CEO Greg Scholl's exit and yesterday's layoffs came as a complete surprise to most inside the company and were a big hit to moral.
  • Investors were also less than thrilled by the changes. The Orchard's stock fell 12% yesterday during a mostly flat day on Wall Street. You can track today's progress in the Hypebot music industry stock widget in the right column of the blog.
  • The rumor mill has Scholl landing in a top position outside of the music industry.