Major Layoffs at Universal Music Group; As Much as 50%...

Universal Music Group has just completed massive layoff round, according to information from roughly a dozen sources. A spokesperson for the label has also confirmed the round, though specific numbers were not revealed.

So who's saying what? One source pointed to a chop as deep as 50 percent 'across the board,' which seems a bit high, though another pointed to a similar percentage reduction at Interscope. Another high-ranking partner pointed to something "big, very big," and a distribution partner pointed to sales executive Mike Davis as "the first casualty". According to information shared, Davis was most recently Executive Vice President of Sales & Marketing for Universal Music & Video Distribution (UMVD).

The list of sources saying "huge" and "massive" goes on and on. Separately, both Variety and the New York Times are pointing to a chop of 60 in North America, though that seems only relevant to staff-level employees. Ongoing, Digital Music News is getting emailed with unconfirmed dribs-and-drabs, with most pointing to a rather extreme downsizing.