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Layoff
Massive Layoffs Await MySpace Employees
Layoff described by one source as ":massive" are coming to MySpace although there is no official word yet from the company. MySpace shed 5% of its staff a year ago and laid of as many as 45 more last month. But these cuts will go far deeper, according to TechCrunch and could hit several hundred. Management will inevitably blame a tough economy and plummeting ad revenue, but declining traffic is the real culprit.
Flickr Is Target Of Yahoo's Latest Layoffs
By Frank Reed
While it is no surprise that Yahoo started announcing the layoffs of between 600-700 people this week (the
MySpace Parent Company Laying Off 100 Jobs
By Danny Brown
In a move that won’t surprise as many people as it would have this time last year, Fox Interactive Media has announced it will be cutting its workforce by as many as 100 jobs. Fox is the parent company of social network site MySpace as well as Photobucket and various mobile sites.
