MySpace to suffer job cuts

News: 7th January 2011 by Louise Dodgson under Media

It is reported that MySpace may be about to lose up to 50% of its staff. Once the original giant of the social networking world, MySpace has been shunted out of the way by the likes of Facebook and Twitter, and has certainly been waging through hard times over the past few years. So, in a bid to dramatically cut costs by its parent company News Corporation, it looks like the MySpace workforce could be about to take a big hit if the site has the best hope of survival.

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