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  1. #1 Limping MySpace to offload half of workforce 
    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
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  2. #2  
    Best Bounty Hunter in the Forums fettpett's Avatar
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    they didn't keep up, and didn't innovate...they feel by the wayside and I'm surprised they are still around.
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