DJ6ual - An Irish Girl

Search This Blog:



Comment FAQ...

When leaving a COMMENT above, if you have any trouble please try clearing your cache and refreshing the page. Thank you.

MySpace Slashes Nearly Half its Global Staff

January 12, 2011

Myspace announced Tuesday it was cutting some 500 jobs, nearly half of the staff of the troubled News … Struggling entertainment site MySpace said Tuesday that it is cutting nearly half of its staff worldwide, or about 500 people, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people. The cuts, part of a two-stage layoff plan, better position the site for a possible sale or spin-off by parent News Corp.

Mike Jones, the chief executive of MySpace, called the cuts "tough but necessary" but said they put the site on a path to profitability while making it more nimble and entrepreneurial.

MySpace declined to say how much the cuts would save.

A person with close ties to the site said that the cuts, combined with a previous round of layoffs and office closures in June 2009, would save more than $200 million a year. The previous layoffs eliminated about 420 jobs in the U.S. and 300 jobs overseas, and shut several offices abroad. For the latest move, MySpace said it will enter into ad sales partnerships in the U.K., Germany and Australia.

The person was not authorized to speak publicly and declined to be identified.

The recent relaunch focused MySpace on giving its users, mostly aged 13 to 34, more ways to consume music, videos and celebrity gossip. Before, MySpace tried to be an all-purpose social networking site like Facebook. MySpace recently said it is no longer trying to compete with Facebook.

Executives had expected the changes to turn off some users, and its visitor count has indeed fallen since the makeover. But the cuts and a tighter focus on younger users could still help it make money as a smaller company.

It is now relying more on selling space directly to advertisers, by integrating their ads with content, and less on its revenue sharing deal with search leader Google Inc. which it renewed in December, the person said.

Globally, MySpace had 81.5 million visitors in November, down from 88.0 million in October and down from 108.1 million in November 2009, according to tracking firm comScore Inc.

Meanwhile, Facebook visitors hit 647.5 million, up 48 percent from a year ago, comScore said. Microblogging site Twitter has grown 71 percent in a year to 103.0 million.

News Corp. bought MySpace in 2005 for $580 million, but it has been losing money consistently. In the three months through Sept. 30, the "other" segment housing MySpace lost $156 million, about $30 million more than the previous year, mostly because of lower search and ad revenue at MySpace.

By contrast, juggernaut Facebook is making money. According to documents recently shared with prospective shareholders, Facebook earned $355 million on revenue of $1.2 billion in the first nine months of last year.

News Corp. executives had put MySpace on a short leash to get profitable. News Corp. Chief Operating Officer Chase Carey told investors in November he would judge efforts to reboot the site "in quarters, not in years" and opened the possibility the site could be sold.

Since then, News Corp. executives have been fielding inquiries from strategic investors. Possible moves include an outright sale, taking on new investors, or merging the asset into a larger company for an equity stake, the person said.

News Corp.'s widely traded Class A shares fell 21 cents, or 1.4 percent, to close at $14.41 on Tuesday.

Go Back

There are however a couple of drawbacks:The most important is the added expense. Beats by Dre Limited Edition. In the price category which it belongs, the JVC HD-56G887, which is a 720 pixel LCoS rear projection TV is worth it. hese kinds of lights serve as decorations for the wood deck, landscaping, and patio, while others like how it draws attention towards an architectural feature. Beats By Dre Studio Michael Jackson Anniversary. In-Ear Headphones. The ring spacing is designed to conveniently match the punch pattern of 91 hole plastic comb binding machines, with an insertion process that is faster and smoother because the rings are more tougher and more rigid. Beats By Dre Studio Michael Jackson Anniversary. Because it will enable you to improve your game by providing correct distance measurement. There are many different certifications available that can help a consumer ascertain whether a website is safe or not. And functionality eventually means - utility. The combination of exceptional material and craftsmanship is the reason Kingsley-Bate is consistently listed as a top selling teak furniture line in numerous publications such as Casual Living. If the unit is only a standby device that you use infrequently maybe back up data to it then the possibility of failure can be higher. Monster Beats. Beats By Dre Studio Michael Jackson Anniversary. Leather duffle bags are one of the most popular types of bags available in the market today.

The Christian Louboutin Shoes are very beautiful and charming,i've truly attracted by them.Although i don wear them,i'll feel satisfation after i eamine them.So that i get them Christian Louboutin Flats.I am certain which not only my aunt this particular ,there are lots of women who don like wearing the highheeled shoes but because the louboutin pumps.Christian Louboutin Shoes,christian louboutin uk boots,Christian Louboutinredsolesshoe That is really a truth that my aunt don like wearing the highheeled shoes ,but she for instance the Christian louboutin uk Shoes possesses Christian louboutin uk Shoes Christian Louboutin 2012 New Arrive.You may feel surprised with this.Frankly speaking,through eperience i feel very surprised for.Thus asked her Christian Louboutin Shoes are so gorgeous and fabulous that women that like wearing the highheeled shoes all like them
www.clshoes-replica.org . New Stylish Cheap Christian Louboutin Footwear is very fashionable some of the people around the world.Even some women don like wearing the highheeled shoes all much like the Christian Louboutin Shoes to its glamorous and equisite. Ecept the red sole,you can find one more reason why for Christian louboutin uk shoes,indeed, this will style design,there are actually Louboutin Pumps Sale online,which mean the key type comfy is Louboutin Pumps,as well as the shoes is often many popular on the planet because of its special design.You will find sandals,one can find boots,Cheap Air Ma 90,just about all Louboutin footwear is highheels,and they need Louboutin Pumps Sale to get customer new sensation of the highheels Christian Louboutin 20th anniversary.Women love the CL shoes to display their beautiful leg shape,and Louboutin Pumps Sale gives them an opportunity to own this special shoes. Ilove the  Christian louboutin shoes Shoes ,it cause me to feel feel confident .so you Christian Louboutin Sandals? Christian Louboutin Boots,Christian Louboutin Pumps,Christian Louboutin Sandals,Christian Louboutin Wedges Related Articles 005, this Article to some Friend!Receive Articles like this one direct to all your bo!Subscribe without cost today! Christian Louboutin Daffodile Pumps



Comment