MySpace to lay off international workforce

Posted By: Staff
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New York, Jun 23: Rupert Murdoch-owned social network site, MySpace has revealed that it plans to cut about two-thirds of its international workforce along with shutting down about four of its offices outside the United States.

This move comes about a week after the firm said that it will be slashing about 30 per cent of its work staff. This restructuring plan will apply to all international divisions of MySpace. It will effectively cut down its international staff from 450 to 150.

Offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden and Spain will all be reviewed under the proposed plan.

When this restructuring complete, the company's international operations will be managed by offices in London, Berlin and Sydney.

OneIndia News

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