In a move that Sony BMG officials are calling “the final phase” of integration, the company today (Jan. 6), laid off 42 employees. Additionally, as part of a December reorganization at Sony Music
In a move that Sony BMG officials are calling “the final phase” of integration, the company today (Jan. 6), laid off 42 employees. Additionally, as part of a December reorganization at Sony Music Label Group, 19 employees were laid off.
Sony BMG has laid off approximately 2000 employees since merging in July of 2004. A source close to the company says that 32 of the 42 layoffs came as part of the consolidation of East and West coast creative services operations. Adam Owett, head of worldwide creative services for Sony BMG will remain in his role in his New York office. According to the source, several employees from the closing West coast office were offered jobs in New York.
The SMLG layoffs were roughly split between the Epic and Columbia labels, and came as part of a label reorganization in December that also included nine hires, according to a company spokesperson.
As part of that shuffle, Columbia Records group chairman Will Botwin stepped down, and was replaced by former Epic Records president Steve Barnett; Michele Anthony added the title of president of SMLG to her continuing role as COO of the group and executive VP of Sony BMG; Charlie Walk, who had been executive VP of creative marketing and promotion for Columbia Records Group succeeded Barnett; and Lisa Ellis was promoted from GM to president of Sony Urban Music.
Sony BMG’s 2005 market share was 27.5 percent, down from the combined market share of 29.8 percent for 2004. The Sony Music Label Group actually improved its market share in 2005, up to 13.83 from 13.26 in 2004.