30% of MySpace employees to get the axe, competitors nipping at its heels
Eight days ago, TechCrunch predicted massive layoffs coming to MySpace. The rumors have proven true. MySpace says it will cut about 30% of its staff, leaving approximately 1,000 employees still drawing a paycheck. This move comes shortly after founder Chris DeWolfe moved out of the company and was replaced by Van Natta as CEO [...]
