MySpace to cut half its staff

MySpace is to cut up to 50 per cent of its 1,100-strong workforce, as the beleaguered social network continues to fight plummeting revenues and traffic figures.

The cuts are being made in an effort to appease News Corporation’s demands on the website that it purchased for £360m in 2005.

The reduction in staff is on top of a 30 per cent chop made last summer, as well as the resignations of some of the website’s top executives.

Executive vice-president Jack Kennedy has also been charged with finding potential buyers for the website by the summer, despite a costly rebranding of the site before the end of 2010.

(Source: MediaGuardian)

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“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

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