British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group’s new owner, Terra Firma Capital Partners, reports said Sunday.

I just don’t see if you have 6,000 employees how cutting 2,000 of them is going to fix the slide, I’d definitely put good money on EMI being the first Major to fold!