Yes, that's on top of the 2000 or so already scheduled. This would reduce the total number of employees to about 2000 from a recent total of 4500 according to the UK's Telegraph.
NO WAY FORWARD
Sadly these cuts may be needed or even justified. But what's missing from Hand's strategy is a new way forward. Where is the investment in A&R or new business models? If CD's are selling fewer per release; why not chase the long tale and release more of them?
EMI's clock is ticking and thus far the Hands are on zero.