Listen Online - Listen on Mobile Radio.com | Mobile App Info

Myspace Lays Off Half Its Workforce

myspace 385 Myspace Lays Off Half Its Workforce

Struggling social networking website Myspace.com laid off nearly half of its workforce yesterday amid slumping membership.

CEO Mike Jones says the cuts were part of an effort to improve profitability and growth. Jones adds that the move had nothing to do with the performance of the site. Myspace experienced a third-quarter revenue drop of 25-percent from the same period last year, and the site has lost nearly 30-million members since November 2009.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live