Is Def Jam Making Cuts To Its Staff?
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.
This is the first we’ve heard of layoffs at Def Jam, although it isn’t the first tense moment we’ve heard about there by a long shot. Anyway, if you have any tips, feel free to send them to tips@idolator.com; we guarantee anonymity on all correspondence we receive.
Death To Def Jam? [Jossip]
