Feeds

MySpace squeezes out two thirds of international staff

From MySpace to NoSpace

The Power of One eBook: Top reasons to choose HP BladeSystem

MySpace is slashing two thirds of its international workforce and bringing the axe down on at least four of of its international offices.

The cuts will mean its international workforce dropping from 450 to 150 people.

The global bloodletting comes a week after the Rupert Murdoch-owned social networking site said it would dump 30 per cent of its staff in the US, chopping its workforce there to around 1,000.

According to the Associated Press, Chief Executive Owen Van Natta said in a statement: "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."

We assume that means too big and cumbersome when ad sales aren't what you'd hoped, Facebook is growing more quickly than you are, and suddenly everyone is talking about Twitter.

AP says London, Sydney and Berlin will be MySpace's main hubs, leaving ten other offices under review.

The swingeing cuts come just months after co-founder and CEO Chris De Wolfe stepped down, to be replaced by ex-Facebooker Van Natta.

MySpace was the first social networking site to really burst into the public consciousness, mainly because Murdoch shelled out $580m to buy the site back in 2005.

His grab at the social networking market marked a turnaround for the media mogul, who had previously been dismissive of the net: or at least of some of the prevailing wisdom about how to make money online.

Lately he's been returning to form, however, declaring last month that the free access model was indeed flawed and he expected his organisation's websites to start charging for content within the year.

"The current days of the Internet will soon be over," he told a conference call in May. It's unlikely that MySpace's workforce realised at the time that he meant their current days. ®

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.