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Tuesday, 04 January 2011 15:28

Myspace slashes staff

Written by Nick Farell

Social Notworking
Social Notworking site Myspace is living up to our description by cutting half of its 1,100 staff by the middle of the month.

The outfit has seen its revenues and traffic plummet and the outfit is having to make dramatic cost-cutting measures to meet targets demanded by parent company News Corporation. MySpace been the red-headed stepchild of Facebook and lost several key executives and developer talent. This will be the second staff cut,. The company has already cut jobs, reducing staff by 30 per cent last summer.

Data from comScore shows global MySpace unique user numbers falling 26.4 per cent from 110.8 million in September 2009 to 81.5 million by November 2010. In the UK, traffic fell from 5.1 million to 2.3 million unique users over the same period.

Nick Farell

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+10 #1 yourma2000 2011-01-04 16:53
Does anyone care about Myspace anymore? I haven't logged into my profile for 3 years, it's been that long that my profile layout codes don't work anymore with the current myspace
+3 #2 Naterm 2011-01-04 21:36
MySpace sucks, always did. I was pretty much forced to use it because no one I knew who wasn't technical used "that face book thing" until a year or two ago.
+5 #3 Cromagnon 2011-01-05 00:38
YourSpace is childs play. I think the audience grew up and moved into facebook. Who knows social networking could wind up being just a passing fad.
0 #4 dicobalt 2011-01-05 00:49
Social networking is the tech bubble 2.0. It is a smaller and less interesting bubble but will be devastating to those inside it.
0 #5 Cromagnon 2011-01-05 01:12
I concur. These social networking sites need to have a more utilitarian use, other than to bring "friend" together and BS. In most work places it might be considered a distraction that a tool that can add to employee productivity..
0 #6 GrumpyOldMan 2011-01-05 02:44
I prefer MyFace. It's as creative as Facebook and more secure than Myspace.

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