Tuesday, July 17, 2012

MySpace slashes international staff - Business First of Louisville:

ishinlyuboqemija.blogspot.com
The move to reduce international employment by 150 comes on the heels of the announcemenrt that MySpace is cuttingits U.S. jobs by 30 or about 420 jobs. MySpace last montn was passed in global market shard byPalo Alto-based , but still leadds in the number of unique visitors to its Web site in the U.S. MySpaced CEO Owen Van Natta was hired in April to try to revivre the socialnetworking site. The divisionj that includes MySpace postedan $89 millionn loss in the most recent quarter.
"Asa we conducted our review ofthe company, it was clear that just as in the MySpace's staffing had become too big and cumbersomd to be sustainable in current market conditions," Van Natts said in a statement Tuesday. After the jobs MySpace will haveabout 1,150 compared to Facebook's global work force of about 850.

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