universal job cuts
this article seems to have most of the interesting bits of data.
universal, the largest of the few record labels, will cut 1350 jobs by year end. naturally, they’re blaming the job cuts on net piracy. in the big picture, this is 11% of their 12,200 body workforce, in an attempt to cut expenses by $200 million.
wait a second. $200 million for 1350 jobs? that’s pushing $150k per body. hmm. there’s more to this than a small pile of pink slips, of course. hmm.