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Digital
MySpace lay offs expected
By CMU Editorial | Published on Thursday 6 January 2011
Rumour is rife, I think it’s fair to say, that a pretty serious headcount axe is about to fall at MySpace, the fumbling social networking come entertainment sharing and consumption distribution and something else whatnot.
Having already lost 30% of its workforce between 2009 and 2010, various media cited insider sources last week that claimed up to half of the remaining 1100 MySpace staffers could be fired by the end of January, though said sources do seem to admit that no decisions have as yet been made.
It is widely assumed any staff cull would be part of owner New Corp’s attempts to sell the web-based company, which has caused nothing but headaches for the media giant for a some time now, after a couple of years of healthy traffic and ad revenues following the Rupert Murdoch conglom’s acquisition of MySpace in 2005. It’s certainly possible any interested buyers have been looking at the recently relaunched MySpace website and are saying to News Corp, in an exasperated tone, “it takes 1100 people to run that?”
