MySpace Hires New Execs Among Layoffs

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).