EMI confirmed reports that it was getting set to cut between 1,500 and 2,000 of the label’s 5,500 worldwide employees. The deepest cuts will be made in the sales, marketing and distribution departments, which shall most probaly be united into a single office. EMI’s plans for the future are to focus on online distribution and promotion.
EMI Cuts Up to 2,000 Jobs
- Source: reuters.com