“Napster has just completed a round of layoffs, according to sources within the organization. The sources pointed to a 10 percent workforce reduction, focused within the programming and marketing divisions. Employees who were included in the downsizing were told to exit immediately, and were not given prior warning, per the reports. While the mood inside Napster is predictably grim following the events, top management has reportedly emphasized that the layoffs were not indicative of any larger trend, and dismissed any discussions of a future sale of liquidation,” Digital Music News reports.
Full article here.
The possibility of the Napster layoffs was first reported by Digital Music News on January 17th, based upon information from sources inside Napster. At that time, a Napster official denied the allegations, noting that there were “no imminent plans for significant layoffs.” The next day, Napster issued a warmed-over press release proclaiming their rather weak subscriber numbers and quoting Napster CEO Chris Gorog, as being “extremely excited about the future of Napster.” Why Gorog is excited about bankruptcy proceedings is beyond us. Perhaps he just has an affinity for finality?
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EMI Music Chairman: Music subscription services like Napster and Rhapsody haven’t beeen huge – January 23, 2006
Napster CEO Gorog: ‘we are extremely excited about the future’ – January 18, 2006
Report: Napster executives do the math, consider selling or shutting down, layoffs imminent – January 16, 2006
Napster CEO Gorog: Apple iPod is a ‘villain’ – December 12, 2005
More blood on Apple iPod’s Click Wheel: Thomson gives up on MP3 player, CE markets – December 12, 2005
More blood on Apple iPod’s Click Wheel: BenQ withdraws from MP3 player markets – November 28, 2005
More blood on Apple iPod’s Click Wheel: Olympus halts production of portable digital music players – November 09, 2005
Do the math: Napster posts $13.6 million second-quarter loss – November 02, 2005
More blood on Apple iPod’s Click Wheel: Rio is dead – August 26, 2005
Napster President: Apple CEO Steve Jobs has ‘tricked people into buying a hardware trap’ – August 22, 2005
Apple’s roadkill whine in unison: ‘incompatibility is slowing growth of digital music’ – August 12, 2005
Napster: the only thing missing is the sock puppet – August 04, 2005
Napster, other Windows Media-based music services ‘chasing a niche opportunity’ – June 29, 2005
SmartMoney: Napster is a snooze, gushing money and renting music is un-American anyway – July 06, 2005
Napster To Go Soon? Reports $24.3 million net loss on $17.4 million net revenue – May 11, 2005
Napster is a joke – April 05, 2005
Napster CEO Gorog: Steve Jobs ‘must be pretty frightened’ of Napster To Go – March 14, 2005
Apple’s iPod has blood on its Click Wheel: Virgin Electronics is dead – March 08, 2005
Napster’s math does not add up – February 28, 2005
Users thwart Napster To Go’s copy protection; do the music labels realize the piracy potential? – February 15, 2005
Napster CEO Gorog: ‘it’s stupid to buy an iPod’ – February 10, 2005
$10,000 to fill an iPod? Napster’s going to end up with egg on their face – February 04, 2005
Why ‘Napster To Go’ will flop – February 03, 2005
Napster CEO: We’re ‘the biggest brand in digital music, much more exciting than Apple’s iTunes’ – February 03, 2005
The de facto standard for legal digital online music files: Apple’s protected MPEG-4 Audio (.m4p) – December 15, 2004
Napster CEO: ‘it would be great’ if Apple iPod supported WMA – March 09, 2004
Napster CEO: Apple iTunes, iPod ‘consumer-unfriendly experiences’ – March 09, 2004
Napster 2.0 posts US$15 million relaunch loss – February 08, 2004