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Short Take: Universal's Farmclub.com lays off 15 percent

Jimmy and Doug's Farmclub.com, the new-music Net subsidiary of Universal Music Group, says it has laid off about 15 percent of its employees. The company says cutting the 17 mostly technology-focused employees came as the site reached technological maturity after a year of operation. The layoffs follow a string of other layoffs and closures in the Net music business.

Jimmy and Doug's Farmclub.com, the new-music Net subsidiary of Universal Music Group, says it has laid off about 15 percent of its employees. The company says cutting the 17 mostly technology-focused employees came as the site reached technological maturity after a year of operation. The layoffs follow a string of other layoffs and closures in the Net music business.