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<FONT FACE="Calibri, Verdana, Helvetica, Arial"><SPAN STYLE='font-size:11pt'>What’s so fascinating is just how small the workforce behind a global player can be; pointing toards the economic scale of content production by users<BR>
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Extracted from a longer piece at<BR>
<a href="http://www.theage.com.au/technology/biz-tech/myspace-cuts-twothirds-of-global-workforce-20090624-cvw1.html">http://www.theage.com.au/technology/biz-tech/myspace-cuts-twothirds-of-global-workforce-20090624-cvw1.html</a><BR>
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</SPAN></FONT><FONT COLOR="#666666"><FONT SIZE="1"><FONT FACE="Arial"><SPAN STYLE='font-size:9pt'>June 24, 2009 - 10:15AM<BR>
</SPAN></FONT></FONT></FONT><FONT FACE="Arial"><SPAN STYLE='font-size:11.5pt'>Social networking site MySpace plans to cut 300 jobs, or two-thirds of its overseas work force, in an effort to rein in costs and focus on countries where it has many users and better business opportunities.<BR>
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The move comes a week after the News Corp. unit said it would cut 420 jobs in the U.S., or nearly 30 per cent of its domestic work force. Combined, the cuts will reduce MySpace's employee base by nearly 40 per cent to about 1,150.<BR>
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"Our goal to tap into as many international markets as possible drove us to create too many offices around the globe, and with them came inefficiencies," chief executive Owen Van Natta, a former executive at rival Facebook, said in a memo sent to employees.<BR>
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Regards<BR>
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sean</SPAN></FONT>
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