Sony Music Cuts 500 Positions Worldwide

Sony Music Entertainment, home to such hit performers as Macy Gray and Celine Dion, slashed 500 jobs from its worldwide payroll--about 100 of which are in the U.S., sources said. The restructuring will be implemented across the board, with workers being purged from the payroll at the Japanese giant’s record labels, manufacturing and distribution arms as well as in corporate and business affairs sectors. The cuts account for about 4% of Sony Music’s 13,500-employee work force, sources said.