UMG, a major redundancy plan
Universal Music Group is launching a new wave of job cuts across its US and UK operations, with the departure of several senior executives. The cuts are set to take place on Wednesday and Thursday, according to a bombshell report in Variety , following around 200 redundancies at the Canadian subsidiary at the end of last month and Tuesday’s announcement of the departure of Rebecca Allen, who had been with the… company for 27 years and had held the post of Chief Artist and Strategy Officer since December. Def Jam Records According to sources cited by the Hollywood newspaper, Tunji Balogun, Chief Executive of Def Jam Records, along with Sam Riback and Nicole Wyskoarko, executives at Interscope Records, are set to step down from their roles. Jim Roppo, chairman and…