LayoffBlog.com

March 1, 2009

Sources: RIAA cuts up to 25 jobs

As expected, the Recording Industry Association of America, the lobbying group of the four largest music labels, has laid off between 20 and 25 workers, or about 20 percent of the RIAA’s workforce, according to music industry sources.

In addition to the layoffs, the RIAA eliminated some positions through attrition, the sources said. In all, 31 of the company’s 104 employees, or just under 30 percent, were either laid off or quit recently and will not be replaced. The RIAA leadership remains unchanged. My sources say CEO Mitch Bainwol and President Cary Sherman have contracts extending through the end of 2010.

Source: CNET

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