MySpace Lays Off Nearly Half Its Staff

It’s been confirmed: MySpace has laid off almost 500 of its employees in an attempt to “provide the company with a clear path for sustained growth and profitability.” This comes after a major redesign, rebranding, and Facebook founder Mark Zuckerberg being named Time‘s Person of the Year. In November, MySpace actually started integrating posting with Facebook, signaling an acknowledgement that some of its users were making a transition in their social networking preferences.

So, is MySpace going the way of Friendster? Maybe, if Friendster had ceased to exist, which it hasn’t. It’s just a “social gaming site” now.

(TechCrunch)