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MySpace Confirms Job Cuts

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

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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.

8:39 pm on Jan 12, 2011 (gmt 0)

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Everybody seems to switch to Facebook nowadays. What a pity facebook is closing down on March 15th ;)