It’s looking increasingly likely that Myspace hasn’t shown the turnaround News Corp expected, and so they are going to help their troubled sibling along with massive staff cuts. Myspace is now expected to axe between 550 and 600 staff tomorrow, which is a full 60% of the company, and it’s rumored many of these employees will be international.
http://www.geek.com/articles/news/60-of-myspace-to-be-laid-off-tomorrow-20110110
