According to the NetworkEffect blog, News Corp's MySpace is going to be laying-off half of its staff. MySpace currently employs 1,100 people mainly in the US. It recently underwent a major redesign to focus its content on entertainment. The parent company has instructed MySpace executives to start "drastic cost-cutting measures" immediately. Most of the employees were given the week between Christmas and New Years off as a way to save some money.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.