Rhapsody’s managers were right in predicting more than a decade ago that consumers would one day flock to subscription music services. The only problem is, Rhapsody isn’t one of the services they’re choosing.
The pioneering music company has laid off 30 workers, or about 15 percent of its staff and has plans to replace several top managers, including John Irwin, the executive who has led the company the past three years, sources close to the company said. The Verge last week broke the news that Rhapsody was looking to replace Irwin. Also out is the company’s CFO.