While there were radio success stories for individual artists in 2024, the industry's increasing decline was the dominant narrative.
News of the CD Baby layoffs comes just a month after its competitor, Distrokid, placed 37 union employees on "administrative leave."
A spokesperson says "very few jobs" have been affected in the 10,000-employee company.
A current employee at the distributor says that the 37 employees worked in their Quality Control and Artist Relations departments.
Two decades ago, the business endured huge layoffs amid a painful period of sales decline. This time, experts say the industry’s cyclical nature is more to blame.
Several members of the music and talent team at the Nashville channel have been impacted by the ongoing layoffs at the parent company.
This year’s restructuring plan has reduced WMG’s head count by 750 and will save $260 million annually.
Warner Music CEO Robert Kyncl announced that additional employees will be departing the label as Elliot Grainge prepares to take over as CEO.
The cuts impact more than 100 employees as the audio company puts off the release of two major new products
As companies like Universal Music Group and SiriusXM hit rough patches on certain metrics, cost-cutting has helped their bottom lines.
