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MySpace to Cut 30% of Staff as Facebook Gains Ground


Source: GigaOM.com
June 16, 2009
 GigaOM.com
MySpace to Cut 30% of Staff as Facebook Gains Ground MySpace is cutting nearly 30 percent of its U.S. workforce, or roughly 420 people, the social networking site said today, bringing its total number of U.S. employees to around 1,000. The announcement comes just two months after MySpace CEO Chris DeWolfe and President Tom Anderson left the struggling social network site, and a day after comScore released data that showed the number of unique U.S. visitors on Facebook eclipsed MySpace for the first time ever in May.

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Read the Full Story at GigaOM.com
Comments 6 Total Comments embed Comments
Kenneth Y.
June 16, 2009 5:51 pm
Ouch. But luckily, a couple of my friends at MySpace are OK. It must be rough over at MySpace right now.
Blog Guru
June 16, 2009 6:00 pm
Ouch is right. MySpace was wildly popular at one time. Now it's getting a lot of competition from Facebook.
Traveling Cat
June 17, 2009 9:44 am
Welcome to the real world of lay-offs.
edlives
June 17, 2009 9:55 am
no surprise. c'mon, who's surprised?
Ian M.
June 17, 2009 1:09 pm
MySpace? Oh yes, I did set up an account there way back. I'm not a huge fan of these walled garden sites myself. Then again, if I was, I guess I'd probably not be blogging!
Tina P.
June 17, 2009 1:40 pm
MySpace is a huge mess. I'm not surprise this happened at all.
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