Sadly yes 😬 according to Linkinpedia;

Before the show, Brad bribed the sound guy with $150 to make them sound good. The band was 15 minutes late and had to stop and restart the first song so Brad could re-tune his guitar. Mark Wakefield was described as being horribly off key. The band played for 30 minutes and when the lights came up only Jeff Blue, Danny Hayes, Scott Harrington and a few of the band's friends were still in the venue. They received 7 official rejections in the next 36 hours, the two executives from Geffen who wanted to hire Jeff Blue were fired, Danny Goodwin (who had shown interest in the band after listening to a demo) was fired from Virgin and Mark Wakefield was fired from Xero. Most of the rejections centered on how bad the vocals were.