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Myspace Cuts Half Its Staff

Myspace Lets Go of Half Its Staff

In one fell swoop, Myspace decides to cut 47 percent of its staff to try to save the struggling company. Five-hundred people are being cut from a workforce of more than 1,000 people. Although the number is definitely huge, I must say that the news isn't shocking as Myspace has been on a gradual decline and unable to keep up with the competitive Facebook. I used to have a Myspace account but kind of forgot about it once Facebook came along. The great thing about Facebook is that everyone is on it, and it continually changes to keep up with the times. Myspace, on the other hand, seems pretty static.

It's not surprising that the recently laid-off employees of Myspace are having a really tough time. TechCrunch has an email from someone claiming to be one of the casualties of the staff cuts. He or she says, "The people who were in charge and responsible for the continued failure will still be in charge, with new titles and raises, clearly intent on taking as much personal value as they can from the company before it dies completely at their hands. And the hard working, loyal employees that worked their butts off, took time away from their families to *actually* try to turn the company around by building and launching the new Myspace, will be looking for jobs."

The writer's bitterness is clearly obvious, but I'm wondering, are you surprised by the news or was it something you expected?

Image Source: Thinkstock
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Join The Conversation
amber512 amber512 5 years
I completly canceled my account with MySpace because I found Facebook to be so much more user-friendly and had mroe to offer me. I'm sad that so many are losing their jobs, but I have to admit that I'm not surprised.
snarkypants snarkypants 5 years
holy crap, i had no idea myspace had that many employees to begin with!
RoaringSilence RoaringSilence 5 years
Well it sucks, but not more than for any other company that's having a hard time. I wonder what that bitter employee expected? For all the bosses to fire themselves and let the lowest ranking people run everything? WTF?
Frenched Frenched 5 years
Sadly, it's not surprising at all. Facebook really stole the throne.. I really hope that the recent laid-off people can find something else soon. :(
Annie-Gabillet Annie-Gabillet 5 years
That's rough!
Annie-Gabillet Annie-Gabillet 5 years
That's rough!
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