MySpace Sacking 150 Employees Ahead of Sale?
Date: Monday, June 27, 2011 @ 23:11:38 UTC

The once great social networking site MySpace is expected to make big cuts to its employee ranks Wednesday, reports Gawker. TechCrunch later confirmed with sources inside MySpace that the company is laying off at least 150 (37.5 percent) of its 400 remaining employees with another 150 employees possibly being put on a transition plan while looking for new jobs. Complete Article

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