From Jeff Waye Sent Wed, Jan 20th 1999, 01:28
From Jeff Waye Sent Wed, Jan 20th 1999, 01:28
Oh, isn't the record industry fun when someone decides to trade their orange juice stocks for a record company...you know they're in it for the music. >Hey ya'll here are figures from today's Los Angeles Times that denote what is >supposed to happen Thursday in the Uni-Polygram layoffs. > >This is phase one of the downsizing. Artist cuts will be slower than employee >cuts according to the times. The Merger will be complete this July. > >Thursday: >300 Employees in LA >200 Employees in NY >buh-bye > >Here's the breakdown: >Geffen + A&M--> Interscope (new co. called IGA) >A&M = 170 Employees of 200 cut & 45 0f 65 acts cut >Geffen = 115 out of 145 employees cut & 45 of 70 acts cut >Interscope = 20 of 70 acts cut. Layoffs unknown. > >Mercury +Island + Def Jam >Mercury = 60 of 150 people cut & 110 out of 140 acts cut >Island = 40 out of 100 people cut & 25 out of 70 acts cut > >Motown--->MCA >68 of 75 employees cut. Roster cuts not stated. > >MCA Music Publishing >120 of 370 staff cut