Sony Music Entertainment continues to trim staff with sources suggesting that about 20 people were let go from the Sony Music Label Group, which consists of Columbia, Epic and a shared services department, sources say. The layoffs come on the heels of cutbacks at other divisions within the Company.
The Daily Swarm received three separate tips regarding rumored layoffs at Sony/BMG and after some fact-checking they, sadly, appear to be true. Just last year Sony/BMG began leasing the CAA building in Beverly Hills at no small sticker price, and Sony’s film arm suffered major layoffs in February of this year.
Tip: Columbia Records laid off 40–50 people this afternoon
Tip: Heard there we’re sizable layoffs over at Sony today as they merged Epic and Columbia staffs.
Tip: HUGE layoffs at Columbia and Epic today.