MySpace has let go of as many as 45 employees in the last week, we’ve confirmed. Sources close to the company say that the exact figure may be smaller, but that MySpace has definitely laid off a significant number of people. MySpace has refused to comment on the matter, so it isn’t clear if this was the result of a canceled project, general layoffs, or performance-based cuts. A source says that early signs indicate that the open positions will not be filled by other employees.
The news comes only a few weeks after MySpace suddenly dropped founding CEO Chris DeWolfe and brought on a new executive team led by Owen Van Natta. It’s unclear if the cuts are directly related to decisions made by the new team or if they were already set in motion prior to DeWolfe’s departure. In any case, we’ll probably hear about more restructuring as Van Natta and team slash the projects they don’t want to continue pursuing.
Last July MySpace was rumored to have laid off as much as 5% of its workforce, though the company later said that the cuts were performance based and amounted to “less than 5%” of the company.
…so they sacked Chris De Wolfe? I thought they just rearranged.
MySpace has let go of as many as 45 employees in the last week, we’ve confirmed.
Is the MySpace like Friendster on a YouTubes?
I can’t go on myspace anymore because all the videos crash my computer. However, I think they do a better job utilizing advertisements than facebook.
Myspace lite (launched about a month ago) button disables all of the vids/apps and the page loads quickly
What’s MySpace?
You aren’t serious right?
Based on that joking wink face at the end of the message, I would guess that no, he’s not being serious but that yes, he was joking.
Honestly can’t believe you didn’t get that though. C’mon!
yeah exactly.. What’s MySpace?
the new ceo wont make a lot friends lol
By bringing in his own people to replace them, he won’t have to. New bosses have been axing existing teams for eons now.
That why Myspace is my least favorite social network
well this is one way to increase short term profitability. i call bullshit on the “decision was made before the new ceo” line.
it was planned well b4. mid year performance reviews occurred in preparation.
This smells bad. Real bad. I’d hate to work at that place.
The decision could have been made as a part of the negotiations for Van Natta, technically validating the “before” part since presumably he wouldn’t have signed yet at the time it was decided. But I’m sure you’re hip to these kinds of machinations.
No, this is Murdoch’s team suddenly realising that it’s not quite the cash cow that he thought it was. don’t forget that since he purchased it, it has paid for itself many times over, if that would’ve been now then a different argument would apply.
and Rachel (further up this page) got to be sarcastic, not being a member of doesn’t mean you haven’t heard of myspace. at one time it was 1/4 or more of all internet traffic…
How about this is a why to clear out bad blood in the company. If your headcount is 1,000 there is bound to be 45 people that suck and/or have bad attitudes. Also, it is a way for Owen to say “I don’t mind cleaning house if I need to”.
Oh cool, now Google and Apple can fight over buying MySpace – let’s start the bidding at $700 million, shall we?
lol
Not at all surprising given the hordes of users moving to Facebook. I’m sure this was planned prior to any executive changes. Should be interesting to see just how effective they can be with all those layoffs though.
are they shedding there thick skin to become more supple? or is this a shot over the bow to let everyone know theres a new sheriff in town? they are maxed out on there areas of expertise, music and 13-25 year olds. they have no serious business agenda because they lack the unbranded social building blocks. myspace is like a skyscraper that physics wont let add anymore floors too. they can give up on trying to regain lost members that left to fadbook. better to start something completely new (domain name) that from the beginning will specialize in business social discovery. business and pleasure dont mix. they need separation between church and state and a little law and order.
MyLocator.me – be yourself
halfwitlocator.com — use it to find the guy from “locator.com” who wastes your time promoting his useless site
Nah. He sells some serious sh*t that I can usually only get in Vancover. I think so. Such is the word of Sanjay.
hear what others are saying.
http://www.ted....lks/view/id/484
please index the video and start at 6:05 on the ted video. Tim Lee Berners might know a thing or two about the future of the internet.
Remind me again, what’s Myspace? Oh, right. It’s that other social networking site that’s hitting a brick wall. Excuse me, I have better things to think about…I’ll just illustrate my thought bubbles on twitter.
Perhaps this is a sensitive subject, but I had thought myspace was for 13 year old girls and petafiles? Facebook news feed is a 100x better then CNN news with Anderson Copper. ( side note: Anderson Cooper is a tool, along with the rest of the talking heads, sorry I mean journalist “lol”).
However FB is still boring unless your a friend whore with a 500+ “friends”. As a developer I think FB will be kicked aside along with myspace in the coming years, because they do not compensate the independent app developers.
Even now, you see many of the developers turn their attention to apple’s iphone or even Google android because they were not able to monetize their efforts on FB. No compensation for independent developers, no free content for FB users. Unless FB can turn a profit, and then do a revenue split with independent developers, developers will jump on to the next platform, leaving FB with the bill, similar to myspace today.
Credibility is inversely proportional to spelling abilities.
Pros and Cons for developing on other sites. When the wave is high, of course it’s great. But the cons is that you are dependent of someone else to make your business happen.
The only API for developers that I know of that helps guarantee my destiny is a one called HTML.
htfrhthtrhtyhtyntybntybnytn
Myspace dosen´t go! I delete my profile! Now i prefer facebook. There are not gold too but more social!
English MF DO YOU SPEAK IT?
it’s all about the money until one Madoff sons takes over myspace…he did such a great job with the isp in the earyly 90’s
jason
May be due to downfall of World Economy.
Lots of myspace users are moving to facebook, but they still use myspace sometimes, so Myspace can still turns things around. I think myspace is becoming a mess with so many layouts from so many different sources. I think those layouts intimidate some of the users and send them away. Let’s see how long it will take them to fix that problem.
There’s a solution for that now.
http://www.tech...s-down-to-size/
I suggest they all check on the freelance sites like http://www.vois.com or one of the other many ones to find some immediate work!
myspace has already peaked, facebook is close, and twitter will be next…remember friendster?
the question is…who is the next one that we dont know about yet, and how do you invest in it?
Hey having been waiting for this post for sometime.. you are always a step ahead of the HR department.. how come it is this slow this time… o your contact got sacked over there?
Is MySpace still moving to the *giant* building in Playa Vista? Hopefully they can break that lease.
MySpace has already proved this, and remains ahead.
they just haven’t kept up with facebook.
You’re absolutely right. Facebook is far superior for social networking. For music and art though I now go to http://www.putiton.com
Which reminds me now that I need to go delete my myspace account
They should truly get rid of the data warehouse manager at myspace, who had at least 5 employees of hers complaining about the hierarchies she created and she tried to fail purposefully employees not in her favor, like those who doesn’t know how to joke or flatter her to her expectations.
Under her control of information and knowledge flow, those employees out of the loop will not be able to do the work correctly and she has been providing wrong data to executives for months due to her fault.
Sooner or later, the upper management will find out how this manager is operating her own bureaucracy and hurting the company performance… employees don’t fail; the manager fails them!
My Space sucks.
They are laying off people who really slogged their precious time to enhance myspace.
People who got 4 in reviews last year where given 2.5 and where thrown out.Managers likle Dave and amber who think they are the almight of myspace are only screwing myspace to come down with their dumb thoughts.
they review the developer personnally not professionally and the top management shit cares about it.
But one good thing is atleast we are out of the hell.
But I can feel it as there would be an end to myspace very soon
Sorry Tom i feel bad but this is the truth
MySpace may still be on top, but Praise Be Unto the Internet Gods… not for long! Bwahahahaha.
I am not a big fan of MySpace. It does not compare to Facebook of Twitter. But, how many people actually work at MySpace. I thought they were relatively small.