MySpace dumps half its staff

MySpace dumps half its staff
Social entertainment website MySpace.com is dropping almost half of its staff in an ongoing transformation of its services.

Once the King of social networking, MySpace lost out to the phenomenal growth of Facebook over the past few years. News Corporation gave MySpace a limited time frame to turn around its loss-making services. The result was a relaunch as a "social entertainment" site aimed at "Generation Y", which would be users aged 35 and younger.



The "restructuring" affects about 500 employees, representing 47 percent of the company. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product," Chief Executive Mike Jones said.

News Corp has repeatedly indicated that it is open to selling the relaunched MySpace service to any interested parties, but reports just last week suggested that there are no ongoing talks.

Written by: James Delahunty @ 11 Jan 2011 13:24
Tags
MySpace News Corporation
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  • 9 comments
  • toked

    I've hated myspace with a passion ever since they shut down Imeem.com

    12.1.2011 13:34 #1

  • NHS2008

    I never liked Myspace..just so bloated and confunsing...

    Join my FB Group.
    If you want Android on Samsung Wave!

    12.1.2011 16:05 #2

  • xaznboitx

    stupid myspace trying to be like facebook adding that chat to see who online.... very annoying on myspace... the only thing I like about myspace is that you can change the layout for the site and facebook can't do that... I closed my myspace account though because all friends are on facebook and they still have myspace but don't updat their stuff on it anymore... just one of my friend mostly use myspace and not facebook.

    13.1.2011 01:56 #3

  • Zealousi

    Does anyone still use it apart from the noobs lol

    Facebook is the domination of the social network and they say Myspace is the king hahahaha

    13.1.2011 07:15 #4

  • jvwheel

    I always thought MySpace was a, "Gold Diggers," at any cost website while FaceBook was always a family oriented site. MySpace may work well for the 15 - 30 group if it's repopulated with a broader cross section of that age group. I'm slightly older than 35 and most of my friends won't admit to holding MySpace accounts. I agree with, "zaznboitx," and will add that presently, the custom layouts are MySpace's best attribute; I won't miss the site otherwise.

    JV

    13.1.2011 11:44 #5

  • lissenup2

    Good riddance to bad rubbish. MySpace was/is a child predator haven.

    My message to all the losers whom engage in MySpace use, STOP BEING LOSERS!

    Facebook users aren't far behind in the "loser" category.

    13.1.2011 14:10 #6

  • kfir1

    CLOSE ALREADY

    13.1.2011 14:31 #7

  • harhumph

    Ummmm, I'm 34 and I am NOT gen y, gen x is the correct answer.

    14.1.2011 11:31 #8

  • mike.m

    Originally posted by lissenup2: Good riddance to bad rubbish. MySpace was/is a child predator haven.

    My message to all the losers whom engage in MySpace use, STOP BEING LOSERS!

    Facebook users aren't far behind in the "loser" category.
    Same here. Almost everyone that uses Facebook is desperate for attention. They are just asking to have their ID/Pictures stolen. Also what the hell is up with people constantly updating their “status”; “So and so is: At the mall”. Are you just asking to get raped?? “This person has 700+ friends count, by raising their “friend count” they actually think they’re raising their self esteem, which all Facebook users have too much of already. And how many of those people are they ACTUALLY friends with.

    It's not "Social" at ALL. Social is going out and actually talking to the person face to face. Not looking (stocking) what other people have written on other people's pages, and constantly taking hundreds of pictures of themselves for everyone to see. Mindless self-loving twats.

    16.1.2011 19:52 #9

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