Complex sentence: In February 2007, EMI announced the merger of Virgin Records and Capitol Records into the Capitol Music Group, and as part of this restructuring, hundreds of staff from multiple divisions were laid off and many artists were cut from the roster.
Split into simpler sentences: In February 2007, EMI announced the merger of Virgin Records and Capitol into the Capitol Music Group. As part of this restructuring, hundreds of staff from multiple divisions were laid off and many artists were cut from the roster.