The reason isn’t currently clear at this time.
There’s an interesting report on CNET which suggests that over 10% of the MPAA work force might be laid off. A spokesperson confirmed that layoffs are happening, but didn’t confirm the extent of how much of the workforce would be laid off.
From the report:
The MPAA’s leadership is mostly unaffected, said the MPAA spokeswoman. Prior to the layoffs, Dean Garfield, one of the more high profile MPAA attorneys, left the trade group in December to become CEO of the Information Technology Industry Council, a technology-focused trade group.
It’s unclear from the report why the layoffs are occurring, though there could easily be a strong indication against the activities of p2p. Going back to a report we wrote last year, the copyright industry stock market values, for the most part, dropped significantly no doubt thanks to the general economic crises given the drops all occurred at roughly the same time the general stock markets went down. Our report might be just another nail in the coffin of the argument that file-sharing is causing the major copyright industry to lose real money. Given that reports are coming in on a near daily basis of a fresh round of layoffs, almost all of them seeing the companies in question blaming the economic crises, this would probably be just another case of this happening.
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Well….. 10% is a good start.