|  Home   |  Forums   |  News   |  Blog   |  Reviews   |
 Satellite   Digital TV   IPTV   Cable   HDTV   Computers   Apple   Games   Mobile Phones   Broadband   Internet   Security   Telecoms   USB   VoIP   Wireless   Science 

January 11, 2011

MySpace sheds almost half of employees

Bookmark and Share

by Darren Allan

Ailing social networking site MySpace has announced that it will have to lose nearly half of its staff.

In total, 500 jobs will go, C-net reports in what the MySpace CEO Mike Jones dubbed a “significant organizational restructuring.”

C-net quoted Jones as saying: “Today’s tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability. These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product.”

The new product being the redesigned MySpace, which was revamped in October of last year to focus on “social entertainment”, being more content led.

MySpace is also planning to set up local partnerships in the UK, Germany and Australia to deal with advertising sales and content.

Story link: MySpace sheds almost half of employees


Discuss this in the Techwatch Forums



Special offers on iPhones

Related news to "MySpace sheds almost half of employees"




No Comments »

No comments yet.

Leave a comment

Connect with Facebook


Previous: «
Next: »

Tags: , , , , , ,

Visited 396 times, 281 so far today