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MySpace Lays Off 47% of Employees

Posted by timothy on 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."'"

8 of 206 comments (clear)

  1. Developers by MrEricSir · · Score: 5, Funny

    MySpace has developers? What do they do?!

    --
    There's no -1 for "I don't get it."
    1. Re:Developers by fuzzyfuzzyfungus · · Score: 5, Funny

      Insensitive clod. Do you know how many patches we send upstream to the browser vendors to help them build rendering engines that can handle 25,000+ animated .gifs and 100+ flash embeds in a single page?

      Never mind the time that we had to spend three weeks groveling through the dark underbelly of the Windows driver model, trying to figure out why users of certain realtek audio chipsets would suffer bluescreens when more than 14 streams of generic crunk rap were being fed to the software audio mixer simultaneously...

    2. Re:Developers by jamesh · · Score: 5, Funny

      MySpace has developers? What do they do?!

      Spend all day keeping their facebook statuses up to date.

    3. Re:Developers by tomhudson · · Score: 5, Funny

      MySpace has developers? What do they do?!

      Spend all day keeping their facebook statuses up to date.

      Spend all day keeping their linkedin profiles up to date.

      FTFY

  2. Re:Wait by jbacon · · Score: 5, Funny

    Even better! They had 1063.8297872340425531914893617021 employees, according to the summary.

  3. The funny thing is... by TheRedDuke · · Score: 5, Funny

    ...I bet most of those ex-employees will be complaining about it on Facebook this evening.

  4. Re:How's that working out, Rupert? by Anonymous Coward · · Score: 5, Informative

    Good going Murdoch. I hope the rest of your investments do as well

    According to Reuters he did did pretty well:

    Initially, the deal paid for itself after Google Inc inked a three-year $900 million search advertising deal in 2006.

  5. Take care of the mice, what else? by denzacar · · Score: 5, Funny

    It is a little know fact that MySpace got its name from a typing error.

    It was supposed to be called Mice Pace - based on their innovative approach of running millions of mice over millions of keyboards in order to create a sample of "perfect code".
    It was a variation of the idea with monkeys and typewriters - mice were cheaper to get and easier to scale up.

    The result is the site we all know as MySpace. They could never get the Complete Works of Shakespeare out of the mice either.
    But they did get half a Justin Bieber song once. Thousands of mice had to be put to death after that.

    --
    Mit der Dummheit kämpfen Götter selbst vergebens