GEORGE NOORY IN LAS VEGAS: Get tickets now -- be there June 9!

myspace 385 Myspace Lays Off Half Its Workforce

Struggling social networking website 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.


Leave a Reply

Please log in using one of these methods to post your comment:

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

Introducing Your New Podcast Network
New CBS Local Sports

Listen Live