Feeds

MySpace employees face uncertain 2011

Up to half for chop as News Corp seeks buyer

Intelligent flash storage arrays

Beleaguered News Corp web property MySpace reportedly looks set to plan significant lay-offs in the New Year.

But given the recent comments coming from the company's own COO Chase Carey, who in November this year admitted “We’ve been clear that MySpace has been a problem,” it's hardly surprising that rumours about potential job losses are doing the rounds online.

According to All Things Digital, which cites multiple sources familiar with the matter, up to 50 per cent of MySpace's 1,100 workforce could be laid off in 2011.

As an indicator of the kind of trouble MySpace now finds itself in, the company gave its employees the last week of December off work to save cash.

“Current losses are not acceptable or sustainable… But we know that we have to work very hard in [the] coming months to get this thing sustainable,” Carey sombrely noted in November. “We judge in quarters, not in years.”

One such way out could be the sell-off of MySpace - that is if someone is willing to buy the unloved website. According to All Things Dig, News Corp's digital media veep Jack Kennedy has been tasked with exploring that particular option.

MySpace, meanwhile, has been busy trying to recast itself as an entertainment portal and recently signed an account integration deal with one-time rival Facebook. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.