Let the layoff season begin! With EMI’s impending split/merger, Billboard caught wind of Sony’s plan to cut 326 jobs over the course of 2 years. The 326 jobs will tally up to $70 Million in net cost savings. 142 employees are expected to be laid off by the end of year one, and there will only be 189 EMI jobs left once all layoffs are done.

-allindstrom.com