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June 16, 2009
MySpace Layoffs to Affect 30% of Workers
Major cuts have come to MySpace in the form of a 30% reduction in its workforce. The layoffs come after upheaval at Fox Interactive Media, a division of News Corp. Fox Interactive Media as a whole announced a 5% workforce in January.
In March, former AOL CEO Jonathan Miller was tapped to run News Corp's digital unit. A month later, a former Facebook exec Owen Van Netta was appointed CEO of MySpace.
MySpace has been struggling to bring in revenue as Facebook and Twitter have become the hot social networks of the moment. Of course, it wasn't too long ago when MySpace took the reins from Friendster.
Posted by Nathania Johnson on June 16, 2009 5:26 PM
Comments
I think MySpace will die a slow death, mostly because of the large amounts of spam and creepers that have saturated it.
Kelsey June 29, 2009 12:54 PM
