Articles in the Digital Media Category
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US internet social networking giant MySpace plans to cut 500 jobs, nearly 30 per cent of its US staff, in a restructuring aimed at boosting efficiency.
MySpace, a unit of media magnate Rupert Murdoch’s News Corporation, said it was cutting payrolls “as part of a plan to restructure itself into a more innovative, efficient, and entrepreneurial business”.
The restructuring plan affects all US divisions of the company and the round of job cuts will lower the domestic workforce to 1,000 employees, it said in a statement.
