Wednesday, June 17, 2009

News Corp.’s MySpace Dismisses 400 Workers - NYTimes.com

Difficult times at MySpace

MySpace, the social networking site owned by News Corporation, the media conglomerate controlled by Mr. Murdoch, said it was laying off roughly 400 employees, or nearly 30 percent of its staff. After the layoffs, MySpace will have about 1,000 workers.

The company said the layoffs were an attempt to return to a “start-up culture.”

News Corp.’s MySpace Dismisses 400 Workers - NYTimes.com

Post a Comment