Layoffs At EMusic.com, Fandom.com.REDWOOD CITY, CALIFORNIA Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , U.S.A., 2001 JAN 14 (NB) -- By Dick Kelsey, Newsbytes. Subscription music download A music download refers to the transferring of a music file from an Internet-facing computer or website to a user's local computer. This term encompasses both legal downloads and downloads of copyright material without permission or payment if required. site EMusic.com Inc. has laid off 36 percent of its staff as part of a restructuring plan to save $16 million, laying some of the blame on illegal distribution of music on the Internet. The job cuts -- 66 in all -- were made in all departments, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a news release issued Friday. EMusic.com's two New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of offices will be consolidated into one. "We have taken today's actions in order to withstand the combined effect of widespread illegal distribution of digital music and the significant market decline for Internet advertising," president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gene Hoffman said. EMusic.com sells individual tracks of songs for 99 cents each and entire albums at $8.99. The site also offers as much music as a user wants for as little as $9.99 per month in its "EMusic Unlimited" service. Additionally, CFO See Chief Financial Officer. Joseph Howell, business development vice president James Chapman and interim COO Peter Astiz are leaving the company. Vice president and corporate comptroller Emily Rupp was named CFO. Science fiction site Fandom.com announced a 20 percent staff reduction due to "job replications" created by the recent acquisitions of Cinescape, owner of Cinescape Magazine and Cinescape.com, and Creation Entertainment. EMusic.com is on the Web at http://www.emusic.com Reported by Newsbytes.com, http://www.newsbytes.com |
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