Brands on Twitter: MySpace

News Corp.'s MySpace will reduce its staff by nearly 30 percent in an effort to become more entrepreneurial and nimble, the social networking site said on Tuesday. More at Adweek.com:

>> The expected streamlining will hit across all U.S. divisions and will lower the total number of U.S. staff to 1,000. "Simply put, our staffing levels were bloated and hindered our ability to be an efficient and nimble team-oriented company," said MySpace CEO Owen Van Natta. "I understand that these changes are painful for many. They are also necessary for the long-term health and culture of MySpace." (Read more)

Here's what people are saying about the MySpace layoffs today on Twitter:

June 17, 2009 in Brands | Permalink