Myspace lays-off 5% of staff less than a year after relaunch
Myspace has confirmed a round of redundancies affecting 5% of its staff less than a year after it went through a major relaunch.
The site’s chief operating officer Chris Vanderhook said that the cuts were made in an attempt to achieve profitability.
“We're implementing changes at Myspace to support continued innovation and growth by streamlining operations to achieve profitability,” he told the Business Journal.
“We appreciate our team's contributions to Myspace over the years, and are offering outplacement services and ...
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