MySpace Plans 300 Added Layoffs In Intl Work Force - GoFuckYourself.com

Barefootsies · 06-23-2009, 03:49 AM

I guess they could not adapt or die.

Quote:

Social-networking Web site MySpace said Monday that it intends to slash its international work force by two thirds to about 150 employees as it strives for greater efficiency under new leadership.

The move follows last week's announcement that the company would cut its U.S. work force by nearly 30% to about 1,000.

The Web site, which like Dow Jones Newswires is owned by News Corp. (NWS), also plans to close at least four offices outside the U.S.

Analysts have long predicted cuts at MySpace, which was recently eclipsed by Facebook as the networking site with the most worldwide users. MySpace remains ahead of Facebook in the U.S. by number of unique monthly visitors.

After the restructuring, London, Berlin and Sydney would be the regional hubs for MySpace's international offices. Offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Spain and Sweden are under review for possible restructuring. MySpace China, which is locally owned and operated, and MySpace's joint venture in Japan, wouldn't be affected by the plan.

"As we conducted our review of the company, it was clear that internationally, just as in the U.S., MySpace's staffing had become too big and cumbersome to be sustainable in current market conditions," MySpace Chief Executive Owen Van Natta said Tuesday.

News Corp. reported an $89 million loss in the division that includes MySpace for the most recent quarter, partially due to higher costs related to a music venture and new features on the site.

Van Natta was hired in April with the charge of jump-starting growth and recapturing the buzz the Web site once carried.

News Corp.'s shares closed Monday at $10.11 and haven't traded premarket.

-By Kerry E. Grace, Dow Jones Newswires; 201-938-5089; [email protected]

http://online.wsj.com/article/BT-CO-...23-703040.html

GrouchyAdmin · 06-23-2009, 03:51 AM

More like DoItMySelfSpace.

Try the fish.

slapass · 06-23-2009, 04:23 AM

i think they are trying to adapt. If they lose the deal with Google, they will be burning huge cash every month so they are trying to lean up.

Allformyspace · 06-23-2009, 04:24 AM

Thats last weeks news

SayWhut · 06-23-2009, 04:54 AM

Who gives a shit? Rupert Murdoch can go fuck himself.

tranza · 06-23-2009, 06:45 AM

Quote:

Originally Posted by SayWhut

Who gives a shit? Rupert Murdoch can go fuck himself.

$5 submissions · 06-23-2009, 12:44 PM

If the online ad market continues to drop, expect more announcements like these...

JD · 06-23-2009, 01:55 PM

1000 people to run myspace? wow...

SeniorX · 06-23-2009, 04:05 PM

Quote:

Originally Posted by JD

1000 people to run myspace? wow...

They're running on Microsoft platform - 1000 servers, 1000 admins

crockett · 06-23-2009, 04:12 PM

Quote:

Originally Posted by JD

1000 people to run myspace? wow...

That's typical mainstream.. They have to have 800 people to tell the other 200 what to do.

Rodent · 06-23-2009, 04:46 PM

Quote:

Originally Posted by Allformyspace

Thats last weeks news

That was firings in the usa last week....this is everywhere else.

06-23-2009, 03:51 AM	#2
GrouchyAdmin Now choke yourself! Industry Role: Join Date: Apr 2006 Posts: 12,085	More like DoItMySelfSpace. Try the fish. __________________ AIM: GrouchyGfy

06-23-2009, 04:24 AM	#4
Allformyspace Confirmed User Join Date: Jul 2006 Location: United States Posts: 594	Thats last weeks news __________________ ICQ:477-732-268

06-23-2009, 12:44 PM	#7
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	If the online ad market continues to drop, expect more announcements like these... __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

06-23-2009, 04:23 AM	#3
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	i think they are trying to adapt. If they lose the deal with Google, they will be burning huge cash every month so they are trying to lean up.

06-23-2009, 04:54 AM	#5
SayWhut Confirmed User Join Date: Jan 2008 Location: United Blingdom Posts: 962	Who gives a shit? Rupert Murdoch can go fuck himself.

06-23-2009, 01:55 PM	#8
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	1000 people to run myspace? wow...