Source: http://feeds.wired.com/~r/wired/index/~3/4wjo1c0c7rA/
Monday, January 10, 2011
MySpace Cutting Up to 600 Workers Ahead of Possible Sale
MySpace, the pioneering social networking website, will reportedly lay off as many as 600 of its approximately 1,000 employees on Tuesday. It's the latest sign of the dramatic decline in Myspace's fortunes since it was purchased by Rubert Murdoch's media conglomerate News Corp. in 2005 for $580 million.
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