MySpace cuts more jobs, scales back international network

News Broadband Global 23 JUN 2009
MySpace cuts more jobs, scales back international network
MySpace announced plans to restructure its international operations, focusing the social network on a smaller number of countries. The plan would see the international workforce drop to 150 people from the current 450 and the company closing four offices outside its home country the US. Upon completion of the proposed plan, London, Berlin and Sydney would become the primary regional hubs for MySpace's international operations. Existing offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain will be put under review for possible restructure. MySpace China, a locally owned, operated and managed company, and MySpace's joint venture in Japan would not be affected by the proposed plan. Roughly half of MySpace's total user base comes from outside the US. The international restructring follows plans announced last week to cut the US workforce at MySpace by around 30 percent to 1,000 employees. Owned by media group News Corp, MySpace has seen its popularity shrink as consumers favour rival social networks such as Facebook.

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