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Gingersnap
01-11-2011, 11:20 AM
Limping MySpace to offload half of workforce


500 jobs to go

By Kelly Fiveash

Posted in Music and Media, 11th January 2011 12:42 GMT


MySpace employees are bracing themselves for huge job cuts, which are reportedly expected to be announced at the struggling News Corp-owned website later today.

According to the Financial Times, MySpace has already laid off some of its staff. A cull of around 500 workers, around half of the company's global workforce, is planned by MySpace in a gasping effort to keep the once-popular social networking site ticking over.

In the meantime, as we've previously reported, it's understood that News Corp bosses are mulling a quick sale of MySpace, which in recent months has tried to recast itself as an entertainment portal.

IT Register (http://www.theregister.co.uk/2011/01/11/myspace_to_lay_off_500_workers/)

fettpett
01-11-2011, 11:48 AM
they didn't keep up, and didn't innovate...they feel by the wayside and I'm surprised they are still around.