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MySpace cuts overseas staff
Fri, 26 Jun 2009
Online content company, MySpace is set to reduce its international workforce by 300 from 450 to just 150, and close four of its offices outside the United States.
As part of its austerity planning, London, Berlin and Sydney are set to become the primary regional centres for MySpace's international operations. MySpace China, and MySpace’s joint venture in Japan will remain operating as before. However MySpace offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden and Spain may be forced to close their doors.
Announcing the widely-anticipated news, MySpace CEO Owen Van Natta said the company had become "too big and cumbersome" to be sustainable.
"With roughly half of MySpace's total user base coming from outside the US, maintaining productive and efficient operations in our international markets is important to users worldwide and our immediate financial strength," said Van Natta.MySpace has seen its user numbers outstripped by Facebook over the past 12 months.
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