MySpace confirms layoff, to cut 500 jobs
MySpace confirms rumors of alleged massive job cuts, as the struggling social media network will decrease in size by 47%, nearly half the size of the Myspace workforce currently. Myspace has about 1060 employees before the layoff, which will reportedly send 500 unlucky workers home jobless soon…
As Facebook and Twitter continue to soar amidst the social network’s recent struggles, most at MySpace feel that this move is necessary to make it and return to prominent social media stature. Cheif Executive Officer Mike Jones, when asked about the job cuts, offered that these were “tough but necessary changes” and “with a clear path to sustained growth and profitability.”
MySpace login has hit a plateau in recent years. However, MySpace still remains the number one online resource for music. All the big bands, rappers, and rock stars still focus heavily on MySpace music for listeners and adding as many MySpace friends as possible.