Layoffs at the RIAA
The Recording Industry Association of America (RIAA) announced today that it has laid off approximately 20% of its workforce, yet another sign of a crumbling BIG music industry. To most this will fall on indifferent if not welcoming ears, but let’s not ignore reality. Thirty-One folks lost their jobs, and in the current economy that sucks, no matter how you spin the affair. Yet is this any surprise? The RIAA has been pursuing a policy of increasing individual college student debt for the last decade via small claims lawsuits. All in the name of protecting an industry model that has become too antiquated to function even within a strong economy, let alone a faltering one.
The laid off workers deserve our sympathy, but to the company, you reap what you sow. Were those $3000 lawsuits really worth it? Really, were they?
Source – CNET
posted February 27th, 2009 at 3:18 pm Music News