MySpace Cuts 47% of Staff
MySpace has seen its audience numbers plummet precipitously over the past several years. Now, its roster of employees is following suit.
The News Corp.–owned site announced on Tuesday (Jan. 11) that it has laid off 47 percent of its staff, or roughly 500 employees. The staff reductions had been rumored for weeks as News Corp. appears to be preparing MySpace for a possible sale—or even a shutdown.
According to a statement released by MySpace CEO Mike Jones, the cuts were a long time coming and not indicative of any problems with the recently revamped version of the site.
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