Warner Music Group is still searching for answers. It's losing money and not sure why! Soon, however, there may not be any major labels at all, if they keep laying off their employees. This week, WMG announced more layoffs at Warner Bros. Records, with reports of 10-13 employees being placed on the chopping block, among them Senior Vice President of Sales Dave Stein. Additionally, WMG is also cutting employees from distribution group WEA and indie distribution division, Alternative Distribution Alliance, who are responsible for stocking independent music retailers all across the U.S. with all the hip new indie stuff.
Recently, Rhino reduced its staff and Sony is expected to do the same. Sigh.
