Myspace Job Massacre Goes Global
Last week, News Corp.’s MySpace eliminated 30% of its U.S. staff. And today, the social networking site announced that it will be cutting international staff by about two-thirds. That’s approximately 300 jobs lost. From the company’s press release, found on the Silicon Alley Insider:
The proposed restructuring plan, which is subject to consultation with international employees in some countries, would apply to all international divisions of the company, reducing MySpace’s international staff from 450 employees to approximately 150 employees and closing at least 4 of its offices outside the United States.
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