The stock of C&C Music Factory, Inc. fell 30 percent yesterday after the company said the entertainment industry's continuing slump would cause more layoffs and a ''very significant loss'' for the third quarter. The music maker said it had already laid off 89 employees, or 23 percent of its work force, because of the industry slump. It also plans to shut down manufacturing periodically to keep production in line with demand. The company, based in San Jose, Calif., said it planned to take a one-time charge, mostly for inventory writeoffs and financial reserves. C&C said some major customers had requested delays in delivery schedules and reductions in orders. Shares of C&C fell $2 to $4.50 a share.
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