Feeds

MySpace sacks more

More bad news for Murdoch's web grab

Website security in corporate America

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. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
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.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
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.