WaTunes: Official: MySpace Cuts 500, 47% Of Staff

January 12, 2011 at 4:59 am Leave a comment

Source: Hypebot

In an official statement today, MySpace CEO Mike Jones confirmed that about 500 employees will be cut globally. “With our recent relaunch as an entertainment destination for Gen Y, we introduced a much tighter focus, a significantly streamlined product and an updated technology platform,” according to Jones. The cuts come at the same time that parent NewsCorp has been publicly searching for a buyer for MySpace.

“Today’s tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability,” Jones said in the statement adding that the cuts should not reflect on the performance of MySpace's new design and focus. “The new organizational structure will enable us to move more nimbly, develop products more quickly, and attain more flexibility on the financial side.”

Advertisements

Entry filed under: Uncategorized.

WaTunes: African Born Woman Releases Valentine Song from Loveland WaTunes: Mike Jones’ Kiss-Off Letter To Laid Off MySpacers: “We Can’t Continue On This Journey Together”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

January 2011
M T W T F S S
« Dec   Feb »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Most Recent Posts


%d bloggers like this: