Cuts primarily affect admin staff
NEW YORK — Sony Music has trimmed about 50 jobs from its North American workforce, in what a company spokesman termed a minor retooling of the major label group’s 6,500-strong staff.
The cuts, which primarily affected administrative staff, include a handful of layoffs in several units, among them the Sony Classical and Loud Records divisions, as well as Sony Music’s Nashville office and the label’s Boston distribution arm.
Sony Music rep declined to comment on whether more staff cuts would follow.
Label’s action coincides with downsizing at the larger Sony Electronics division, which said Friday it had laid off 300 people in North America since April in an effort to trim expenses.
Last month, Sony blamed a dramatic falloff in sales of electronic gear for a large portion of the Japanese conglom’s $243 million loss for the most recent quarter.
Sony Music fared better than the gadget division in the quarter, posting a 13% revenue gain and $36 million in operating income (compared to a $40 million loss last year), but the unit still suffered from a lack of superstar releases and heavy investment in digital initiatives.