MySpace Hires New Execs Among Layoffs
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Yesterday Mike Arrington broke the news that MySpace could be laying up to 5 percent of their staff. While Amit Kapur claimed that the layoffs were “performance driven”, the news still generated some negative buzz for the company. Then last night, MySpace issued a press release announcing that they company hired five new executives (one of which, Jason Oberfest, will be speaking at the upcoming Social Ad Summit).
As Caroline McCarthy points out, the timing couldn’t have been more coincidental.