MySpace Slashes 30% of Staff

NEW YORK News Corp.’s MySpace will reduce its staff by nearly 30 percent in an effort to become more entrepreneurial and nimble, the social networking site said today.
 
The expected streamlining will hit across all U.S. divisions and will lower the total number of U.S. staff to 1,000.
 
“Simply put, our staffing levels were bloated and hindered our ability to be an efficient and nimble team-oriented company,” said MySpace CEO Owen Van Natta. “I understand that these changes are painful for many.