Myspace Employees Facing Ax This Week?

The ax will swing again at Myspace this week if there is any truth to rumors reported by Gawker.

The ax will swing again at Myspace this week if there is any truth to rumors reported by Gawker.

The struggling social network — which cut about 500 employees in January, or roughly one-half of its staff — was put on the block by parent company News Corp. shortly after its last round of layoffs.

A Myspace veteran told Gawker:

Apparently, everyone is expecting it and actually hoping for it. I think the management owes the employees severance because of the terrible management mistakes they presided over. It’s still pretty well overweight from the fat days.