The Music Network writes that staff - including SVP of international Rebekah Horne and managing director Nick Love - left the social networking company on Friday (May 13).

In January, the Sydney office of the company cut back staff numbers from 30 and outsourced both its ad sales and content management. Since then it has been operating with what has been described as a "pared-down workforce".

The Music Network says the company is expected to be fully wound down by ...