MySpace may be looking to reduce its staff significantly, as multiple sources claim the social network is planning significant layoffs that could affect up to 50% of its employees.
Sources close to the situation have told All Things Digital that management is in the midst of figuring out more drastic cost-cutting measures that owner News Corp. asked for in the wake of MySpace’sMySpace
decreased revenue and traffic. These possible layoffs, which have yet to be determined, could affect employees located outside the U.S. MySpace has declined to comment on the subject at this time.
This rumor comes not too long after MySpace made significant efforts to revamp its image. October saw the beginnings of a new era for MySpace, when the site announced its intentions to become more of a leading entertainment hub “socially powered by the passions of fans and curators” instead of being a “place for friends.” Earlier this month, the Hijacks program was introduced, allowing certain celebrities — like the Black Eyed Peas and Jack Black — to “take over” the site for short periods of time. And last month, MySpace partnered up with Facebook, making it possible for users to log in with FacebookFacebook.
But it seems these changes haven’t done much to improve MySpace’s fortunes, and News Corp. bigwigs might not expect a significant turnaround to happen. There are rumors that MySpace will get sold off (something Mashable’sMashable
Ben Parr certainly believes). As of now, it only looks like we’ll start seeing if there’s some truth to any of this speculation in the new year.
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