MySpace employees get the chop!

News: 13th January 2011 by Louise Dodgson under Media

Source: http://www.flickr.com/photos/jimwhimpey/294080639/

So, last week's rumours were true! Just under half of MySpace's workforce around the world has been axed in a radical exercise to restructure the business. MySpace had a staff of approximately 1000 in the US and 100 more outside the US, spread across the world. Can MySpace reinstate its position of former glory? The rumour mill has started again, claiming that in a few days time MySpace may be put up for sale. Watch this space...