NEW YORK (CNNMoney.com) — MySpace said Tuesday that it is laying off 500 employees, cutting its staff by 47%.
“Today’s tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability,” CEO Mike Jones said in a written statement. “These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product.”
http://money.cnn.com/2011/01/11/technology/myspace_layoffs/index.htm?hpt=T2
Comments on this entry are closed.