As if we needed another reminder of how bad the economy is right now, MySpace has announced that it is letting go of 420 employees -- 30% of its staff -- in an effort to cut costs. The social networking site has seen a 14% drop in ad revenue in 2009. [Variety]
Wednesday, June 17, 2009
MySpace Lays Off 30% of Employees
As if we needed another reminder of how bad the economy is right now, MySpace has announced that it is letting go of 420 employees -- 30% of its staff -- in an effort to cut costs. The social networking site has seen a 14% drop in ad revenue in 2009. [Variety]
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