Senior VP of sales Dave Stein among terminated
Warner Bros. Records thinned its ranks this week, with 10-13 staffers exiting.
Sources said senior VP of sales Dave Stein, who spent more than 25 years at the Burbank-based company, was among those terminated.
Longtime senior VP of legal and business affairs Susan Genco ankled the label this week. Insiders characterized her exit as voluntary.
Label downsizing, which began Wednesday, hit personnel in a number of departments, according to sources. Parent Warner Music Group’s distributor WEA and company’s indie distribution arm Alternative Distribution Alliance also reportedly suffered attrition.
WMG’s current fiscal quarter ends Sept. 30.
Rhino Records, WMG’s catalog division, took brunt of the layoffs on Thursday (Daily Variety, Sept. 25). Roughly 20% of the company’s staff was eliminated. Several sources claimed 38 jobs were lost; in some cases, entire departments were shuttered, while others were left with skeletal staffing.
However, Rhino still plans to produce physical releases, sources added.
A WMG spokesman and a Warner Bros. Records spokeswoman had no comment.