Epidemic Sound lays off 19% of staff in ‘realignment’ of business
Posted on: 12 mai 2020, by : Stuart Dredge

Production music firm Epidemic Sound is making 79 of its 419 staff redundant, although the company says that this is not the result of a drop in revenues.
The majority of the layoffs have come from its sales department, with the other redundancies coming from support roles including finance and training.
Staff were told about the redundancies yesterday. CEO Oscar Hoglund told Music Ally that while the Covid-19 pandemic played a role in the decision, it was a “realignment” rather than a sign that Epidemic Sound is struggling as a business.
“Covid-19 has just accelerated this transition into becoming a digital-first company, and supercharged it,” he said, stressing that the overall business is still growing.
The post Epidemic Sound lays off 19% of staff in ‘realignment’ of business appeared first on Music Ally.
Source: Music ally

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