Feeds

MySpace employees face uncertain 2011

Up to half for chop as News Corp seeks buyer

Top 5 reasons to deploy VMware with Tegile

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
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.