Monday, February 26, 2024
HomeTechMySpace to Layoff Nearly 500

MySpace to Layoff Nearly 500

Myspace is slashing its workforce and may layoff as many as 500 employees as part of organizational restructuring.

MySpace CEO Mike Jones
said the changes, which account for 47 percent of its workforce,
according to CNBC, were necessary to help make the business profitable.

“Today’s tough but necessary
changes were taken in order to provide the company with a clear path for
sustained growth and profitability. These changes were purely driven by
issues related to our legacy business, and in no way reflect the
performance of the new product,” he said in the statement published in
the AFP.

Read More

The Heat Reporter
The Heat Reporterhttp://theheatmag.com
Known in entertainment circles as "LA Dre", the Editor of The Heat Magazine works tirelessly to bring you the latest & greatest in entertainment news. He spent years in the industry & now brings some of that insider knowledge to his readers.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Melissa Ellis on CONTROL!!!
Arlene Culpepper, Asst. Editor-in-Chief on STRAIT JIGG: ‘Ova Ya Dome’ Mixtape Debuts
GI GI on Interviews
bestever2682 on Lil Kim Boycotts BET Awards
J. 'StraitJigg' Wineburg on 16 Year Old Becomes Face of Louis Vuitton
J. 'StraitJigg' Wineburg on 16 Year Old Becomes Face of Louis Vuitton
Arlene Culpepper, Asst. Editor-in-Chief on Jack Spratt: A Genuine New Orleans Original
Arlene Culpepper, Asst. Editor-in-Chief on D.E.T.D.F.’s Annual Easter Egg Hunt
J. 'StraitJigg' Wineburg on Mike Tyson Covers Esquire Magazine (Photo)