Tuesday, June 16, 2009

MySpace Cuts Staff by About 30 Percent

Myspace has cut staff by nearly 30 percent, or about 400 employees. “Our staffing levels were bloated and hindered our ability to be an efficient and nimble team-oriented company,” said Chief Executive Owen Van Natta. “I understand that these changes are painful for many. They are also necessary for the long-term health and culture of MySpace.”

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