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MySpace to lay off 30 percent of staff
Reuters on Yahoo ^ | 6/16/09 | Robert MacMillan

Posted on 06/16/2009 2:38:21 PM PDT by NormsRevenge

NEW YORK (Reuters) – MySpace, the social network owned by Rupert Murdoch's News Corp, said it will cut 30 percent of its staff to lower costs as it struggles to stay popular in the face of rising competition.

MySpace will be left with about 1,000 employees, it said in a statement released on Tuesday. The company declined to say how many people work at the service, but the percentage suggests that about 400 people will lose their jobs.

The cuts, which were presaged in several blog reports in recent weeks, are the biggest move so far by new management at the social network and an attempt, it said, to return the service to a "start-up culture."

"Simply put, our staffing levels were bloated and hindered by our ability to be an efficient and nimble team-oriented company," MySpace's new chief executive, Owen Van Natta, said in the statement.

"I understand that these changes are painful for many. They are also necessary for the long-term health and culture of MySpace."

News Corp named Van Natta as CEO in April. He replaced Chris DeWolfe, one of MySpace's co-founders.

News Corp's new digital media chief, Jonathan Miller, said MySpace "grew too big considering the realities of today's marketplace."

The layoffs will happen across MySpace's operations, though many of its employees are based in Los Angeles. A company spokeswoman declined to say when employees will learn that they are losing their jobs.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: internet; layoff; layoffs; murdoch; myspace; newmedia; newscorp
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1 posted on 06/16/2009 2:38:21 PM PDT by NormsRevenge
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To: NormsRevenge

In other words, Facebook is kicking their butt.


2 posted on 06/16/2009 2:39:18 PM PDT by Constitution Day
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To: NormsRevenge

Well, for the 30% I guess it’s, “Used to be My Space”.


3 posted on 06/16/2009 2:39:44 PM PDT by DoughtyOne (Obama post 09/11. The U.S. is sorry, we are a Muslim nation, and we surrender.)
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To: NormsRevenge

Facebook is easier to use, easier to navigate and easier on the eyes and everything else.


4 posted on 06/16/2009 2:40:18 PM PDT by GeronL (http://libertyfic.proboards.com <----go there now,----> tyrannysentinel.blogspot.com)
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To: DoughtyOne

I like MoreSpace myself.


5 posted on 06/16/2009 2:40:25 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: GeronL

I hae faint memories of going there once or twice..


6 posted on 06/16/2009 2:40:58 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

MySpace announced the layoffs on their facebook page


7 posted on 06/16/2009 2:40:59 PM PDT by GeronL (http://libertyfic.proboards.com <----go there now,----> tyrannysentinel.blogspot.com)
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To: Constitution Day

I agree - Facebook is more mature and adult-oriented. MySpace is teeny trash.


8 posted on 06/16/2009 2:41:06 PM PDT by Extremely Extreme Extremist ("President Obama, your agenda is not new, it's not change, and it's not hope" - Rush Limbaugh 02/28)
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To: GeronL

LOL


9 posted on 06/16/2009 2:41:29 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

Are they going to lay off “Tom” ?


10 posted on 06/16/2009 2:41:46 PM PDT by Carl LaFong (Experts say experts should be ignored.)
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To: Constitution Day

Correct. MySpace is a playground for teens. Facebook is a playground for people who are addicted to applications ;)


11 posted on 06/16/2009 2:42:01 PM PDT by My Favorite Headache (An oath to a liar is no oath at all)
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To: Constitution Day

Who cares? You want to put your mug on these pos outlets, go right ahead. I couldn’t care less.


12 posted on 06/16/2009 2:42:12 PM PDT by hkp123
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To: Extremely Extreme Extremist

Quite right.

I still have a MySpace page but never use it.


13 posted on 06/16/2009 2:42:32 PM PDT by Constitution Day
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To: hkp123

Well I couldn’t care less about you caring less! How about them apples?

I’ve done a fair amount of networking with conservatives on MY Facebook page, BTW.


14 posted on 06/16/2009 2:43:26 PM PDT by Constitution Day
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To: NormsRevenge

That’s good too. I like Spaced Out also.


15 posted on 06/16/2009 2:43:28 PM PDT by DoughtyOne (Obama post 09/11. The U.S. is sorry, we are a Muslim nation, and we surrender.)
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To: Carl LaFong
Worse
16 posted on 06/16/2009 2:44:30 PM PDT by My Favorite Headache (An oath to a liar is no oath at all)
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To: My Favorite Headache; martin_fierro
Facebook is a playground for people who are addicted to applications ;)

Aieee! Don't get me started.

I am on what amounts to a jihad against those silly-ass quizzes.

I swear, just when I think I have them all hidden, someone on my friends list will take one that's even more inane.

17 posted on 06/16/2009 2:44:46 PM PDT by Constitution Day
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To: NormsRevenge

Having used both of these services, I can say that Facebook is much faster, easier to use, and more mature than MySpace (not to mention much less spam!). However, a few of Facebook’s recent updates have me worried that it’s targeting the MySpace crowd, and while this may be good business policy for Facebook, it’s still very annoying.


18 posted on 06/16/2009 2:45:04 PM PDT by Eddings
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To: My Favorite Headache

ROFL!!!


19 posted on 06/16/2009 2:45:05 PM PDT by Constitution Day
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To: NormsRevenge

Obama saves a thousand jobs at My Space!


20 posted on 06/16/2009 2:46:56 PM PDT by Repealthe17thAmendment (Is this field required?)
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