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Tuesday September 16, 2014
RapReviews.com

Music Giant EMI to Cut Staff By One-Third
Posted by Administrator at Monday, January 14th, 2008 at 7:25PM :: Email this article :: Print this article



Thanks to an update from BallerStatus.com we learned today that EM is expected to drastically cut its staff as they (allegedly) continue to struggle with declining sales. EMI was bought by private equity firm Terra Firma in 2007, who announced that they will be restructuring the company and laying off a third of its 6,000 employee staff. Among the cost-cutting measures being considered are slashing its marketing costs and dropping some of the artists currently signed to the label. If any hip-hop artists are affected by these cuts we'll be sure to let you know right here on RapReviews.com.

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