MySpace halves workforce

By admin topicIcon Social Media

Dramatic cuts at MySpace

MySpace has announced that it is cutting nearly half its workforce.

The ailing social networking site will slash 500 jobs, representing 47 per cent of its global headcount. This includes significant downsizing in their London office, as well as their US heartland. It is the second time in less than a year that News Corporation has overseen severe cuts at its social networking site