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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
    Join Date
    Oct 2009
    Southwest Michigan (in Exile)
    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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