Falling Labels
05/09/07
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(Idolator.com) Yesterday, news that Warner Music Group would be making substantial staff cuts spread around the music world; today, Jossip is claiming that Def Jam is getting in on the personnel-shedding act as well: Is Def Jam floundering? That's what one tipster claims, bringing (unverified) word that some 40 people were laid off today at the record label - home to Ne-Yo, Rihanna, Fabolous, Bobby Valentino, and Young Jeezy - with a number of executives fleeing last week. "Jay-Z, L.A. Reid and Jermaine Dupri are still getting paid millions ... and running the company into the ground," says a source.[see full story for more] - Click here for the Full Story
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