MySpace To Cut Global Staff By 300
MySpace announced Tuesday it will cut 300 jobs from its international staff and close at least 4 of its offices outside of the United States.
The move comes after an announcement last week that the social networking site was cutting its staff by nearly 30 percent.
MySpace’s international staff will be cut from 450 employees to about 150 with offices in London, Berlin, and Sydney becoming the regional hubs for the company’s international operations.
Offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain are under review for possible restructuring. MySpace China, which is locally owned and operated, and MySpace’s joint venture in Japan would not be affected by the proposed plan.
"With roughly half of MySpace’s total user base coming from outside the U.S., maintaining productive and efficient operations in our international markets is important to users worldwide and our immediate financial strength," said MySpace Chief Executive Officer Owen Van Natta.
"As we conducted our review of the company, it was clear that internationally, just as in the U.S., MySpace’s staffing had become too big and cumbersome to be sustainable in current market conditions. Today’s proposed changes are designed to transform and refine our international growth strategy."