Well, it looks like things over at MySpace are getting even worse. On Tuesday, the company announced it will be cutting 300 international positions and closing at least four offices that aren't in the U.S., reports the Associated Press. This comes a week after MySpace announced it would be cutting nearly 30 percent of its U.S. workforce.
No doubt in these tough economic times, companies have to trim the fat if it's there. CEO Owen Van Natta said in a statement that the company had become too "big and cumbersome to be sustainable." (As big and cumbersome as some bands' MySpace pages, perhaps).
The move also seems like an attempt to stay competitive with Facebook, which recently caught up to MySpace in monthly U.S. visitor numbers. With MySpace cutting around 420 U.S. employees, that will bring that number down to 1,000. The company's international staffing numbers will go down to 150 from 450. Facebook currently employs around 850 people worldwide.
But we guess Van Natta knows what he's doing. After all, the MySpace CEO was formerly chief revenue officer and vice-president of operations of - where else?- Facebook.
No doubt in these tough economic times, companies have to trim the fat if it's there. CEO Owen Van Natta said in a statement that the company had become too "big and cumbersome to be sustainable." (As big and cumbersome as some bands' MySpace pages, perhaps).
The move also seems like an attempt to stay competitive with Facebook, which recently caught up to MySpace in monthly U.S. visitor numbers. With MySpace cutting around 420 U.S. employees, that will bring that number down to 1,000. The company's international staffing numbers will go down to 150 from 450. Facebook currently employs around 850 people worldwide.
But we guess Van Natta knows what he's doing. After all, the MySpace CEO was formerly chief revenue officer and vice-president of operations of - where else?- Facebook.