Sony Finally Realizes That No One Is Buying Music Anymore, Begins Layoffs

According to several reports, Sony Music Entertainment began layoffs last week, cutting at least 30 people from its two distribution companies: Red and Sony Global Digital Business And U.S. Sales. Although the recession has been going on for quite some time now, apparently the folks at Sony still thought that someone out there was spending money on CDs. Haven’t you been paying attention, Sony? Even Best Buy is selling vinyl now (TMT News).

Sony’s Columbia Records has also hopped aboard the layoff train, cutting people like urban marketing executive Al Branch and the president of urban music, Kyambo “Hip Hop” Joshua. Damn, his nickname is really “Hip Hop,” and he worked in urban music? Originality at its finest.