MySpace said Tuesday that it will cut 300 international positions and close at least four offices outside the U.S. as it looks to cut costs and narrow its territory coverage.
Source: AP
Social networking site MySpace said Tuesday that it plans to slash nearly 30% of its workforce (roughly 430 jobs), leaving it with 1,000 employees.
Source: CNNMoney
MySpace has let go of as many as 45 employees in the last week, we’ve confirmed. Sources close to the company say that the exact figure may be smaller, but that MySpace has definitely laid off a significant number of people.
Source: TechCrunch
News Corp. said Wednesday that MySpace co-founders Chris DeWolfe and Tom Anderson are stepping aside, as the online social networking service they helped build into a phenomenon has begun to suffer in comparison to rival Facebook Inc.
DeWolfe is resigning his role as chief executive, while Anderson is shifting from president to an unspecified “new role,” according to a company statement.
Source: News Corp, MarketWatch
Update 4-24-2009: “The News Corporation, the media conglomerate controlled by Rupert Murdoch, has named Owen Van Natta, a former Facebook executive, to become chief executive of MySpace.”
Source: NYTimes
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