Feeds

MySpace sacks more

More bad news for Murdoch's web grab

Next gen security for virtualised datacentres

The social network everyone used before they found Facebook is expected to sack another 150 staff tomorrow.

MySpace still employs 400 people in southern California, but it seems the rumours of slashing jobs has restarted rumours of an imminent buyout for the struggling site.

The cuts, confirmed by the Washington Post, acting on Gawker's original piece, will be announced tomorrow.

The Post reckons another 150 people will be put on notice. This group will keep working, and getting paid, but will be told to start looking for new jobs.

The rumours, along with imminent financial results, are fuelling talk that a takeover is waiting to be signed.

The most likely buyer, says AllThingsDigital, is a group of private equity investors including Activision chief executive Bobby Kotick - who would be betting his personal account, not company money, on the deal.

MySpace sacked 500 people in January - around half its headcount at that time.

Murdoch paid $580m for MySpace back in 2005. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.