MySpace Lays Off Over 400 Staffers
Today, MySpace.com has laid off 420 employees, or 30 percent of its staff across the board.
In a memo to staff, CEO Owen Van Natta said the company’s size become “unsustainable.”
“The future success of MySpace is dependent upon us operating as a nimble and entrepreneurial company with the adaptive mentality of a start-up,” he added.
There are also reports that MySpace’s parent company Fox Interactive Media is also cutting corporate staff.
If you hear anything, let us know in the comments below.
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