MySpace's workforce is being slashed by half, the struggling website's owner News Corp confirmed yesterday. Around 500 staff will lose their jobs, said the company's boss Mike Jones. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product," said Jones …
Ofcourse, why would cutting your workforce in half indicate a failing buisness!? Now the only people left are the media relations officers and the individuals responsible for ensuring orderly departure for the ships rats.
"These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product," said Jones.....
Probably because the legacy business had 5 million customers / users and the new product only 50,000?
Sad for the staff
The only good thing about this is Murdoch has lost out. I wonder which executives he's had shot (methaphorically speaking of course) because of the original investment decision?
Fail, sadly because i think they will - or sell out to someone else.
I preferred MySpace to the bloated and complicated mess that is Facebook. The content seemed less inane - yesterday my FB feed had a post: "Well, 10:30, off to bed." Is that what social networking is about??
Sounds to me like...
you need to get some more interesting friends
Worse than a dog's dinner
How can any defend MySpace by accusing others of being a complicated mess? Most MySpace pages I ever had the misfortune to stumble across looked like the result of vomited HTML mixed with gif poo. Say what you like about Facebook (really) but at least the pages have some sort of semblance of design.
Myspace As Lagging...
When times are tough, an easy budget cut is Internet advertising. Advertiser driven sites, from giants like like Myspace or el Reg down to the tiniest blog, have seen painful reductions in advertising revenue.
There was no "old model" responsible for the losses, it was reluctance to let go of staff at the beginning of a downturn.
*sad face because advertising revenue from my tiny stable of web pages is still declining .
They failed because they didn't have this...
Myspace failed because they were completely and only focused on the bottom line. Both Facebook employees and users are following the Facebook Creed: http://www.youtube.com/watch?v=Akb5NyZaA9c.
Both Facebook employees and products are following the Facebook Creed
fixed for you :p
Have a bucket handy !