[iDC] MySpace staff cuts

[Sean Cubitt]

What¹s so fascinating is just how small the workforce behind a global player
can be; pointing toards the economic scale of content production by users

Extracted from a longer piece at
http://www.theage.com.au/technology/biz-tech/myspace-cuts-twothirds-of-globa
l-workforce-20090624-cvw1.html

June 24, 2009 - 10:15AM
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.

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.

"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.

Regards

sean
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