Feeds

Limping MySpace to offload half of workforce

500 jobs to go

Internet Security Threat Report 2014

MySpace employees are bracing themselves for huge job cuts, which are reportedly expected to be announced at the struggling News Corp-owned website later today.

According to the Financial Times, MySpace has already laid off some of its staff.

A cull of around 500 workers, around half of the company's global workforce, is planned by MySpace in a gasping effort to keep the once-popular social networking site ticking over.

In the meantime, as we've previously reported, it's understood that News Corp bosses are mulling a quick sale of MySpace, which in recent months has tried to recast itself as an entertainment portal.

Outside of the US, MySpace has main offices in the UK, Germany and Australia.

The demise of MySpace as a well-liked social networking hub contrasts with the rise of Facebook, which recently got tagged with a $50bn valuation by brokerage Goldman Sachs, even though the Mark Zuckerberg-run company is yet to go public. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.