Wednesday, January 20

Universal Music Group Hits Recession

If you've wondered how some labels have been affected by the recession other than not having a lot of money to go around here's Universal Music Group's story.

Universal Music Group has "let go" of 50 people as of yet and the count continues. Other than the UMG spokesman confirming the lay offs with the following statement," Universal Music Group is continuing to transform our organization to better serve our artists and business partners. Given the current economic climate, we have to be as agile and efficient as possible."

Seems like everyone is dealing with the wrath of the recession. Any ideas or thoughts on making it better for the newcomers? Read more on the original article here.

I Said it. You Be The Judge.

What's your take... leave your comments below.

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