Feeds

MySpace sacks more

More bad news for Murdoch's web grab

Internet Security Threat Report 2014

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. ®

Intelligent flash storage arrays

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?