MySpace Lays Off 47% of Employees

Posted by timothy on Tuesday January 11, 2011 @12:52PM from the well-of-their-own-employees dept.

tgtanman writes "CNN reports that MySpace has announced that it has laid off 500 employees, 47% of its total staff. From the article: 'MySpace's management kept most of the site's developers but gutted nearly every other job role, according to a staffer who survived the cuts ... "Today's tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability," CEO Mike Jones said in a written statement. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product."'"

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Re:Wait by computerman413 · 2011-01-11 15:21 · Score: -1, Redundant

Actually, it's over NIIIIIIIIIIIINNNNNNNNEEEEEEEEEEE THOUUUUUUUSSSSSSSSSSAAAAAAAAAAAAAAAANNNNNNNNNNDDDDDDDDDDDD! Writing some more stuff down here to get around the meme-ignorant filter. Really, this thing needs to be smarter about these things.