Social Media Bubble Bursting? MySpace lays off 30% of staff »
Posted By jalmeida 6 months, 1 week ago in NewsThe rumors that MySpace and parent company News Corporation would layoff hundreds of employees became true today. The company is confirming that the current staff will be reduced by nearly 30%. There have been reports of extra security in the MySpace offices today and that the restructuring plan crosses all U.S. divisions of the company and lowers the total number of domestic staff at MySpace to 1,000 employees from 1600.
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