XIAM007

Making Unique Observations in a Very Cluttered World

Friday 10 July 2009

MySpace to cut 30% of workforce

Reading - MySpace to cut 30% of workforce - http://bit.ly/MyWMY

NEW YORK (CNNMoney.com) -- Social networking site MySpace said Tuesday that it plans to slash nearly 30% of its workforce, leaving it with 1,000 employees.

Once the world's largest online social network, MySpace has struggled to compete with the rapid user growth of rivals Facebook and Twitter. Usership and average time spent on the Web site have decreased over the past several months.

continue reading - http://bit.ly/MyWMY



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