engine - 6:39 pm on Jan 11, 2011 (gmt 0)

MySpace Confirms Job Cuts [bbc.co.uk]

Struggling MySpace is cutting almost half of its global workforce. The social networking website is getting rid of 500 positions, or 47% of its employees. The announcement comes as MySpace continues to be eclipsed by Facebook, and as it tries to reinvent itself as an entertainment website.