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This is one of those rumors you hope dies down, but doesn't. Now, it looks like the real thing. According to information published by the Wall Street Journal and other major outlets over the weekend, MySpace is getting ready for a sizable employee reduction. That is, as much as 50 percent of a 1,100-strong workforce, largely US-based.
MySpace declined any comment to Digital Music News. Meanwhile, Journal sources noted that MySpace is "still working out the details" of the drastic pare-down. The changes are mostly being demanded by News Corp., and may also include a number of structural changes. All of this comes on the heels of a recent shift towards entertainment, a symbolic handshake with Facebook, and an advertising renewal with Google.
But the rates on the Google deal were undoubtedly lower, and none of these shifts seem to be stemming massive traffic and revenue declines. Maybe they need more time, or maybe the layoffs have simply been in motion for a while.
Comments Closed
balbers Monday, January 03, 2011
What's Myspace?
No seriously, it seems like lots of people who I know were jumping ship even before Myspace's ill-advised redesign of a few months ago, which seemed to further frustrate and infuriate what users they had left. So it looks like Facebook is gonna kill off Myspace much the same way Myspace killed off Friendster.
Plus, now with services like Bandcamp and Soundcloud and Mixcloud and official.fm (and plenty of others I'm sure), Myspace looks archaic in comparison.
Related- recent story in the LATimes about how much ass Bandcamp kicks http://latimesblogs.latimes.com/music_blog/2011/01/bandcamp-is-a-diy-site-for-musicians.html
@mr_trick Monday, January 03, 2011
Darren Hemmings
A sale is inevitable now, surely.
@BuyMyPlaylist Monday, January 03, 2011
BuyMyPlaylist
Not a good start of the year...
@tanlines Monday, January 03, 2011
tanlines
looks like it's time to sell off your remaining friends on myspace
markh2011 Monday, January 03, 2011
MySpace is difficult to use and horrible to look at. The dinosaur is on the way out.
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