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The US home of social networking hub MySpace is clearly feeling the pinch of the global economic downturn, as yesterday saw the announcement that they would be firing one third of their company staff.
Making matters more severe however is the quote from MySpace CEO Owen Van Natta, describing the former staffing level as “bloated”. “Simply put, our staffing levels were bloated and hindered our ability to be an efficient and nimble team-oriented company,” Van Natta explained in a company press release. “I understand that these changes are painful for many. They are also necessary for the long-term health and culture of MySpace. Our intent is to return to an environment of innovation that is centered on our user and our product.”
MySpace’s new restructuring plan will cross all U.S. divisions of the company, lowering the total staff to around 1000 members. Whilst there’s no word on whether such changes will effect MySpace’s global arms, local marketing website mUmBRELLA reports that the MySpace Australia’s structure is likewise “under review”.
Do you think they fired Tom?
Here at ITM HQ, we want to know how, or even if, this effects you? Do you still use MySpace, or is this a sign that the social networking giant has slipped in the wake of other outlets such as Facebook and Twitter? Let us know your feelings in the comments below.
Jacob Low says...
i still use myspace but made the switch to face book about 2 months ago, facebook is definately more popular and better nowdays, i only use myspace for the chat bit now.
Lady Lex says...
not into myspace as much. twitter is interesting.. but will wait for my new phone to get more into that. facebook definitely rocks the boat! I still
elnino says...
hmmm.. hard to say myspace's dying... It is still very much the easiest and most user friendly internet music / musicians promotion tool out there.
transdoubt says...
if it wasnt for the music it would be dead already
JBanger says...
I gotta say that myspace is dying. The fact of the matter is that myspace hasn't evolved all that much since it was founded, in comparison to facebook. This allowed fb to slowly take over. Myspace will have to do something great to win that market back..
dleklas says...
I used it to tune hot sluts I didn't know and it got me many a root. Nowadays the sluts just aren't as responsive to the old "Add-Tune-Get MSN-Meet-Fuck" routine. Facebook will have to do...
baax says...
Twitter is a total wank, not interested in Facebook, Myspace is all about the music therefore zee best imo
HungryHippo says...
it effects my partner he works for them
Ben Royal says...
Do people still use myspace?
pusseh says...
myspace is old
DJ MooseKnuckle says...
Myspace is essentially these days a music and video hub. It moved away from social networking some time ago and now is more focused on music, and movies, and the encouragement of up and coming artists. I use it because I work for myspace. I'd still use post employment to fins new music.
westerndog says...
Social networking is balls
sorzy says...
Hope they fired Tom, he is soooo annoying!!!
BMoney says...
/waits for the 'next big thing'/
SlicyDicer says...
myspace had staff now?