Universal Music Group Layoffs Expected Today
2:01 AM PST 1/21/2011 by Shirley Halperin
The company will let go of approximately 60 staffers in North American territories. Says a statement released to THR: "The current economic climate dictates that we continue to look for more efficient ways to run our business."
Universal Music Group is expected to undergo another round of layoffs today (Jan. 21). The company which counts powerhouse label Interscope Geffen A&M (home to U2, Eminem and Lady Gaga), the legendary R&B shop Universal Motown, Island Def Jam (Kanye West, Bon Jovi and Justin Bieber), and Universal Republic (Florence + The Machine, Colbie Callait), among other subsidiaries, will let go of approximately 60 employees, all from North American territories, sources tell THR.
Subscribe now to read the full article
Subscription Benefits
- Read The Hollywood Reporter on any mobile device
- Email complete articles to clients or colleagues
- Interactive Radio: listen to the topics or headlines that interest you
- RSS Feed: read in a timely manner with easy to find content
- Read Offline: locate issues and articles easily at any time, no internet connection needed
Already a Subscriber? Log In
THR's Daily Must Feeds
-
Beyonce: Pregnant with Second Child - Report
-
'Iron Man 3' Superhero Threequel Passes $1 Billion Mark
-
Michael C. Hall: 'Dexter' Season Eight Trailer
-
Shocking Season-Ending Twist On 'Scandal'
-
Justin Bieber Owes Money for Mally the Monkey Left in Germany
-
Saying Goodbye To 'The Office'
-
Sarah Polley Is (Mostly) Ready to Come Clean
-
How Critics Handled 'Star Trek' Into Darkness’s Bad-Guy Secret
Advertisement
Advertisement
In This Week's Magazine
- MOST SHARED
- MOST POPULAR
- 1
Box Office: 'Star Trek' Sequel Opens to $84.1 Million in U.S. for $164.6 Million Worldwide
- 2
'Saturday Night Live': Watch Bill Hader's Finest Sketches (Video)
- 3
'SNL' Recap: Ben Affleck Episode Sends Bill Hader Off in Style (Video)
- 4
'How I Met Your Mother' Makes Cristin Milioti a Series Regular
- 5
'Grey's Anatomy's' Jessica Capshaw: 'Arizona Does Not Forgive Callie'
- 6
Cannes First Look: Terrence Malick's 'Knight of Cups' With Natalie Portman (Exclusive Image)
- 7
Kanye West Plays New Songs on 'SNL', Album Title Teased (Video)
- 8
Channing Tatum Goes Teen Girl Drag With Jimmy Fallon (Video)
- 9
'Big Bang Theory': A Behind the Scenes Diary of the Sweet Season 6 Finale
- 10
Seduced and Abandoned: Cannes Review
Related Stories
Social & Mobile
Advertisement


