MySpace To Lay Off Two Thirds of Workforce [UPDATE]
June 23rd, 2009 • Featured, Internet
Following an announcement to initially remove 30% of its staff from its payroll, News Corp has announced that it plans to lay off two thirds of MySpace’s international work force.
The major reduction will see Myspace go from 450 to 150 international employees, although MySpace China and MySpace Japan won’t be affected as they are locally owned and part of joint venture respectively. News Corp also plans to shut down at least four of its international offices, and every single office is up for immediate shutdown. Offices that exist in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden and Spain are all under scrutiny for possible shutdown.
Around half of all MySpace’s traffic comes from outside the United States, so there’s no telling what this move will have on MySpace’s popularity, which is already half that of its biggest competitor: Facebook.
Once restructuring is complete, Berlin, London and Sydney will exist as the sole regional hubs for MySpace activities on the international front.
[Original Post: MySpace To Send 30% Of Staff Packing]
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