Gucci Mane Just Dropped Most Of His 1017 Artists After Losing Money

Gucci Man just fired most of the rappers on his label, citing industry uncertainty and financial losses:

Gucci Mane went on Instagram and said he lost a lot of money on the 1017 roster

and releasing all his artist from their contracts except for Pooh Shiesty and Foogiano pic.twitter.com/HOs6D706GY

— Ahmed/The Ears/IG: BigBizTheGod 🇸🇴 (@big_business_) October 18, 2024

"It's a whole sh*t-show in the industry right now, but when I look at my P&L and me being a businessman, I think I might have to release almost all my artists except for Pooh Shiesty and then Foogiano," he said.  "This is a decision I didn't want to make.  I thought about it.  I can keep all of them under the contract.  But I say f*ck it let's just make the unselfish decision and let them take their talents elsewhere. I already reached out to all of artists and their lawyers.

If you go by 1017's website (and it may not be entirely accurate), these are the rappers Gucci just cut loose:

Bic Fizzle, Big Scarr, Bigwalkdog, Brezden, Hotboy Wes, Kato2x, Lil Rey, Lil Azy, Mac Critter, FTO Sett and TL Cinco.

Do you think Gucci is broke?