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Tuesday: June 16, 2009

MySpace to cut roughly 430 jobs, leaving just 1,000 employees.MySpace to cut roughly 430 jobs, leaving just 1,000 employees.

Once the world's largest online social network, MySpace has struggled to compete with the rapid user growth of rivals Facebook and Twitter. Usership and average time spent on the Web site have decreased over the past several months.

Posted to Weekdaily filed in Interwebs @ 8:33 PM | Tags (4) | myspace | social | cutbacks | layoffs |  | Discuss (0) |  | facebook | twitter | 1 Click | Posted by Vin


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