Monday, January 3, 2011

Social Network: MySpace is reportedly planning massive job cuts

 To the "Wall Street Journal Group, the tech blog" All Things D cites "several familiar with the situation" sources. According to this information could be about 50 percent of currently about 1100 MySpace-employees soon lose their jobs. Would be affected by the job cuts, according to the report, especially jobs in the U.S., but also in some other countries.

The decision on these cuts is not yet been made final, so "All Things D". There are clear indications of the problems with the former top dog among the social networks but it too well. The last week of December was free the entire workforce. To save money, interpreted "All Things D". But no: As a reward for hard work, countered shortly thereafter MySpace in an official release.


Rupert Murdoch's News Corp.., Require the owner of MySpace, ruthless cost cutting, reports the blog, because the turnover of social networks are scarce, despite a recent agreement with Google continues. MySpace has been losing years, users of Facebook, which continues to grow strongly and now has over 500 million active members.

also be given to a sale of MySpace says, "All Things D". As a buyer, therefore, could, for example, the Social Gaming Zynga provider ("Farmville", "Mafia Wars") come into question. Zynga has secured a new round of financing recently launched a massive war chest. Such a deal could also prepare a personnel the way: For Zynga of Operations Owen Van Natta is currently in charge, who had been standing a while at the top of MySpace.

Even then, there had been discussions between MySpace and Zynga on enhanced cooperation, however, nothing came. MySpace had announced just last October, a new orientation and taken on a new look. But increasing the focus on what one admits itself as a core competency - music and entertainment - does not seem to have yielded the desired fruit.

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