MySpace Cuts Staff by Nearly 30%
Technology Alertfrom The Wall Street Journal
MySpace announced plans to reduce its staff by nearly 30%, saying staffing levels were "bloated" and hurt its ability to be an efficient company. The social networking site, owned by News Corp., named a new leadership team earlier this year in an effort to reinvigorate the service. The move brings MySpace's U.S. work force to about 1,000 people.
http://online.wsj.com/public/page/news-tech-technology.html#mod=djemalertTECH
FD: Note that the Wall Street Journal is also owned by News Corp.
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