lay offs

CD Baby and Soundrop have both laid off employees, citing “economic conditions” and “uncertain times,” according to a company-wide email written by Downtown’s new chief people officer Love Whelchel on Oct. 5. Whelchel started at Downtown just last month. News of the layoffs was first published by Digital Music News. While the outlet reported that 30 employees were let go from the two companies, a spokesperson for CD Baby and Soundrop tells Billboard this figure is incorrect. It remains unclear how many people were laid off from the companies. News of these layoffs arrives about a week after parent company Downtown announced that it would be combining multiple of its businesses to consolidate and streamline its B2B operations under the new monicker Downtown Music. This new one-stop-shop wil...