Roadrunner Records president Jonas Nachsin is stepping down from his position at the label after holding it for twelve years. His replacement has yet to be announced. Furthermore, another nine employees were apparently laid off from the label as well. Some excerpts from Nachsin‘s exit letter to Roadrunner staffers have been republished by Billboard.biz.
This latest setback is one of many Roadrunner has faced this year after parent label Warner Music Group decided to restructure it in a series of cost-cutting moves.