Overclock.net › Forums › Industry News › Software News › [Y] MySpace slashes half its global staff
New Posts  All Forums:Forum Nav:

[Y] MySpace slashes half its global staff

post #1 of 51
Thread Starter 
http://news.yahoo.com/s/ap/us_myspace_cuts

Quote:
LOS ANGELES – Struggling entertainment site MySpace said Tuesday that it is cutting nearly half of its staff worldwide, or about 500 people, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people. The cuts, part of a two-stage layoff plan, better position the site for a possible sale or spin-off by parent News Corp.

Mike Jones, the chief executive of MySpace, called the cuts "tough but necessary" but said they put the site on a path to profitability while making it more nimble and entrepreneurial.

A person with close ties to the site said that the cuts, combined with a previous round of layoffs and office closures in June 2009, would save more than $200 million a year. The previous layoffs eliminated about 420 jobs in the U.S. and 300 jobs overseas, and shut several offices abroad. For the latest move, MySpace said it will enter into ad sales partnerships in the U.K., Germany and Australia.

The recent relaunch focused MySpace on giving its users, mostly aged 13 to 34, more ways to consume music, videos and celebrity gossip. Before, MySpace tried to be an all-purpose social networking site like Facebook. MySpace recently said it is no longer trying to compete with Facebook.
Don't use myspace much anymore, especially after the annoying layout change.
Edited by Diabolical999 - 1/12/11 at 1:23am
●๑۩۩๑●
(14 items)
 
  
CPUMotherboardGraphicsRAM
i5 2500K @ 4.4GHz (1.34v) Gigabyte P67A-UD4-B3 Gigabyte GTX 470 SOC @ 825MHz 4GB Corsair Vengeance DDR3 1600MHz (CL8) 
Hard DriveCoolingOSMonitor
Samsung Spinpoint F3 1TB Cooler Master Hyper N520 Windows 7 Ultimate x64 SP1 ASUS VH236H 23" 1080p | 2ms 
PowerCaseAudio
Corsair TX650w (V1) Xigmatek Utgard X-Fi Titanium Fatal1ty 
  hide details  
Reply
●๑۩۩๑●
(14 items)
 
  
CPUMotherboardGraphicsRAM
i5 2500K @ 4.4GHz (1.34v) Gigabyte P67A-UD4-B3 Gigabyte GTX 470 SOC @ 825MHz 4GB Corsair Vengeance DDR3 1600MHz (CL8) 
Hard DriveCoolingOSMonitor
Samsung Spinpoint F3 1TB Cooler Master Hyper N520 Windows 7 Ultimate x64 SP1 ASUS VH236H 23" 1080p | 2ms 
PowerCaseAudio
Corsair TX650w (V1) Xigmatek Utgard X-Fi Titanium Fatal1ty 
  hide details  
Reply
post #2 of 51
Not quite sure why the site needed 1,000 people for day to day operation to begin with.
i7 930
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 930 [4.0@1.23v] [4.2@1.32v] ASUS P6T-Deluxe [v1] EVGA GTX 480 SC+ [850/2000@1.100v] OCZ Gold DDR3 [3x2GB] [1600@8-8-8-24-1N] 
Hard Drive
OCZ Vertex 2e (120GB) SSD 
  hide details  
Reply
i7 930
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 930 [4.0@1.23v] [4.2@1.32v] ASUS P6T-Deluxe [v1] EVGA GTX 480 SC+ [850/2000@1.100v] OCZ Gold DDR3 [3x2GB] [1600@8-8-8-24-1N] 
Hard Drive
OCZ Vertex 2e (120GB) SSD 
  hide details  
Reply
post #3 of 51
Can't wait for that site to die.
post #4 of 51
I wish they all would; social media sites that is, tired of hearing of em'.
i7 930
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 930 [4.0@1.23v] [4.2@1.32v] ASUS P6T-Deluxe [v1] EVGA GTX 480 SC+ [850/2000@1.100v] OCZ Gold DDR3 [3x2GB] [1600@8-8-8-24-1N] 
Hard Drive
OCZ Vertex 2e (120GB) SSD 
  hide details  
Reply
i7 930
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 930 [4.0@1.23v] [4.2@1.32v] ASUS P6T-Deluxe [v1] EVGA GTX 480 SC+ [850/2000@1.100v] OCZ Gold DDR3 [3x2GB] [1600@8-8-8-24-1N] 
Hard Drive
OCZ Vertex 2e (120GB) SSD 
  hide details  
Reply
post #5 of 51
That's lame.
Not ever touching that site again since they don't support keeping people employed.

You would think it would be easier to START OUT with a solid business plan instead of trying to make one when you're about 3-4 years too late on the scale of popularity.
Waiting on X399
(13 items)
 
  
CPUMotherboardGraphicsRAM
AMD Phenom II B57 @ X4 3.9 Gigabyte 790FXTA-UD5 Sapphire Radeon 290 8 GB G.Skill 2133 
Hard DriveCoolingOSKeyboard
250 GB 840 EVO Noctua NH-D14 Windows 10 Logitech K350 
PowerCaseMouseMouse Pad
Seasonic x750 Corsair 600T Logitech G100s Razer Goliathus Speed 
Audio
Plantronics Gamecom 788 
  hide details  
Reply
Waiting on X399
(13 items)
 
  
CPUMotherboardGraphicsRAM
AMD Phenom II B57 @ X4 3.9 Gigabyte 790FXTA-UD5 Sapphire Radeon 290 8 GB G.Skill 2133 
Hard DriveCoolingOSKeyboard
250 GB 840 EVO Noctua NH-D14 Windows 10 Logitech K350 
PowerCaseMouseMouse Pad
Seasonic x750 Corsair 600T Logitech G100s Razer Goliathus Speed 
Audio
Plantronics Gamecom 788 
  hide details  
Reply
post #6 of 51
Just wait till Facebook goes the same way, and it will.
    
CPUMotherboardGraphicsRAM
Core2Quad Q6600 MSi P35 Platinum Gigabyte 6850 OC 1GB 6GB Corsair XMS2 
Hard DriveOSMonitorPower
32GB SSD & 1.66TB mixed Win7 64 bit Acer P225HQbd 21.5" Corsair GX650 
Case
Lian Li PC-K58B Lancool 
  hide details  
Reply
    
CPUMotherboardGraphicsRAM
Core2Quad Q6600 MSi P35 Platinum Gigabyte 6850 OC 1GB 6GB Corsair XMS2 
Hard DriveOSMonitorPower
32GB SSD & 1.66TB mixed Win7 64 bit Acer P225HQbd 21.5" Corsair GX650 
Case
Lian Li PC-K58B Lancool 
  hide details  
Reply
post #7 of 51
Quote:
Originally Posted by SpuddGunn View Post
Just wait till Facebook goes the same way, and it will.
Hmm, that might take a while, I see facebook's success like Google's. It's nearly unstoppable and seemingly impossible to beat.
post #8 of 51
Quote:
Originally Posted by Xenthos View Post
Hmm, that might take a while, I see facebook's success like Google's. It's nearly unstoppable and seemingly impossible to beat.
Took the words right out of my mouth. Haha.
The Beast
(13 items)
 
  
CPUMotherboardGraphicsRAM
AMD Phenom II X4 955 Black Edition O.C 4.02GHz ASUS M4A785-M Pro XFX ATI Radeon HD 5770 XTreme Edition 1060/1460 4GB DDR2 OCZ Gold 1200 OC 
Hard DriveOptical DriveOSMonitor
2x 320GB Sony BD-RW/DVD-RW/CD-RW Windows 7 Ultimate 64x 40'' Sony LED HDTV 
PowerCase
CM eXtreme Power Plus 650W Custom CM Strom Scout 
  hide details  
Reply
The Beast
(13 items)
 
  
CPUMotherboardGraphicsRAM
AMD Phenom II X4 955 Black Edition O.C 4.02GHz ASUS M4A785-M Pro XFX ATI Radeon HD 5770 XTreme Edition 1060/1460 4GB DDR2 OCZ Gold 1200 OC 
Hard DriveOptical DriveOSMonitor
2x 320GB Sony BD-RW/DVD-RW/CD-RW Windows 7 Ultimate 64x 40'' Sony LED HDTV 
PowerCase
CM eXtreme Power Plus 650W Custom CM Strom Scout 
  hide details  
Reply
post #9 of 51
Yes, unfortunately some things get so large (popular) that it's almost impossible for them to fail; it gets to the point where they are ingrained into society as the norm.

McDonalds, Walmart, Google - take your pick of examples
i7 930
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 930 [4.0@1.23v] [4.2@1.32v] ASUS P6T-Deluxe [v1] EVGA GTX 480 SC+ [850/2000@1.100v] OCZ Gold DDR3 [3x2GB] [1600@8-8-8-24-1N] 
Hard Drive
OCZ Vertex 2e (120GB) SSD 
  hide details  
Reply
i7 930
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 930 [4.0@1.23v] [4.2@1.32v] ASUS P6T-Deluxe [v1] EVGA GTX 480 SC+ [850/2000@1.100v] OCZ Gold DDR3 [3x2GB] [1600@8-8-8-24-1N] 
Hard Drive
OCZ Vertex 2e (120GB) SSD 
  hide details  
Reply
post #10 of 51
i agree with everybody myspace is dead lol
I7 Antec 900
(16 items)
 
  
CPUMotherboardGraphicsRAM
I7 6700k 4.0ghz@4.7ghz 1.376 load Asus Z170-AR Rev 1.xx 1151 Evga GTX 1080 Gddr5 FTW OC Core 2101Mhz Mem 500... 16gb Crucial Ballistix 16-16-16-39@2400mhz 1.2 ... 
Hard DriveOptical DriveCoolingOS
SD 120gb Scandisk Boot WD Black 1Tb WD Blue 500gb Wd 120gb Samsung DVD+RW 20x20 x2 Windows 10 pro X64 
MonitorKeyboardPowerCase
Samsung 48inch 120hz TV Devastor Blue LED Corsair RM 850X 80 Plus Gold Antec 900 
MouseMouse PadAudioOther
Black Web Tricolor LED gaming Mouse Ocean Mouse Pad On board 7.1 Crystal Sound 3 Logitec 5.1 Speakers 
  hide details  
Reply
I7 Antec 900
(16 items)
 
  
CPUMotherboardGraphicsRAM
I7 6700k 4.0ghz@4.7ghz 1.376 load Asus Z170-AR Rev 1.xx 1151 Evga GTX 1080 Gddr5 FTW OC Core 2101Mhz Mem 500... 16gb Crucial Ballistix 16-16-16-39@2400mhz 1.2 ... 
Hard DriveOptical DriveCoolingOS
SD 120gb Scandisk Boot WD Black 1Tb WD Blue 500gb Wd 120gb Samsung DVD+RW 20x20 x2 Windows 10 pro X64 
MonitorKeyboardPowerCase
Samsung 48inch 120hz TV Devastor Blue LED Corsair RM 850X 80 Plus Gold Antec 900 
MouseMouse PadAudioOther
Black Web Tricolor LED gaming Mouse Ocean Mouse Pad On board 7.1 Crystal Sound 3 Logitec 5.1 Speakers 
  hide details  
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Software News
Overclock.net › Forums › Industry News › Software News › [Y] MySpace slashes half its global staff