Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday June 30, 2011

MySpace Lays off More Than Half its Staff

While not surprising, it still sucks to see that many people fired. Then again, after being bought for $35M in cash and postage stamps, the company is lucky to be able to keep even half its staff.

Social network MySpace has laid off more than half its staff of roughly 450 as part of its sale by News Corp. to Specific Media, The Wall Street Journal reported today. The cuts follow a massive 47 percent staff reduction in January across all divisions that impacted about 500 workers. Now a shadow of its former self, the company had some 1,400 staff two years ago.