While unconfirmed, it’s being reported by several sources that MySpace is getting ready to undergo hefty layoffs to its company which currently employs around 2900 people. The large social network, part of Fox Interactive Media, has been struggling to maintain its dominance from a platform perspective, losing ground to other networks like Facebook in many areas of the world.
From a business standpoint we’ve seen MySpace advertising decreasing along with its traffic, and the company is also poised to lose its revenue-generating deal with Google some time next year. Some speculate that the diversified media approach MySpace has taken has hurt the company overall, and should be sold off as separate entities.
With several executive shakeups including the loss of co-founder and President Tom Anderson and CEO Chris DeWolfe, the future of MySpace is one big question mark. Should MySpace undergo layoffs throughout its company, which could be as little as 100 or as many as 500 employees, it wouldn’t be the first web-based startup to cut staff in the past 8-12 months. Having already undergone a 5% staff cut earlier this year, MySpace has already been trying to curb any massive changes within the company. See here for more thoughts on what MySpace could consider for the long-term.
Add New Comment
Viewing 2 Comments
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
As an early adopter and savvy traveller, expecailly to my holiday house in Bella Italy I notice that not facebook or MySpace but other web 2.0 properties are taking the lead in such countries and of course those hot brands online in fashion crazy Italy.
But also tradesman website are doing well,maybe because social interaction in over there natural and needs no virtual boost.
Pls check an example, if you understand italian great,if not don´t worry:
MioRisparmio is a website for reverse auction for craft services and related
MioRisparmio - Preventivo gratis per ristrutturazione, tinteggiatura, trasloco, trasporto, programmazione
Su www.miorisparmio.com si può richiedere un (fac simile) preventivo online per ristrutturazione, costruzione, rifacimento e tinteggiatura di casa, appartamento, tetto, villa, bagno, palazzo e villetta. Richiesta online di costo-costi con tanta convenienza e grandi potenzialità di risparmio. Si può richiedere il preventivo anche per lavori quali lavori edili, web-design, programmazione, programmatore, baby-sitter, badante, colf, pulizia-pulizie casa, trasloco, trasporto, ecc. La richiesta di un preventivo è gratuita e senza alcun impegno per l’inserzionista mentre l’offerente vincitore (artigiano, azienda, professionista, ditta) dovrà corrispondere solo una piccola commissione sul lavoro aggiudicato.
Do you already have an account? Log in and claim this comment.
Add New Comment
Trackbacks