MySpace, the giant spam social networking force, is trimming the fat with a chainsaw. According a tipster emailing TechCrunch, 3oo people and four offices are about to be dropped like it’s hot. All jokes aside, want to get profitable? Fire everyone. It will work for a week or so. But, if those 300 were so expendable, then why were they hired? I bet that they were doing important work on the longer term, international side of MySpace. A hollowed out giant is a straw man.
Here are few parts from the email, that you can read here:
Last week we made a number of changes to MySpace’s domestic structure in order to create a leaner, more nimble organization. Today, we are announcing the next step in our overall restructuring effort – a proposal to streamline our operations abroad.
Similar to our domestic restructuring, our international plan is designed to rein in growth in staff and expenses that we cannot sustain. Our proposal would reduce MySpace’s international staff from 450 employees to approximately 150 employees and close at least 4 of our offices outside the United States.
We are focusing on London, Berlin, and Sydney for two very simple reasons: (1) these are markets where we have a lot of MySpace users as well as the resources to allow us to compete effectively and (2) these are major international commerce centers where a robust MySpace presence can help our company develop new and innovative business partnerships.
We are quite saddened over at TG about this loss. 300 jobs is 300 too many. Best of luck to all of you on the job hunt.
