London - U.K.-based major record label EMI, which under new owner, Guy Hands' Terra Firma, has already announced 1,500 to 2,000 layoffs at its recorded music division, now plans to eliminate an additional up to 1,000 positions, bringing the company's total headcount from around 4,500 to 2,000, The Telegraph reported, citing sources.

The first round of layoffs was announced back in January.

The planned second round, expected to come in waves throughout the year, was necessary, people familiar with the situation told The Telegraph, because "the business will stall have more employees generating less revenues than its competitors at Warner Music and Universal."

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