MySpace Losing to Facebook, Fires 420

A few years ago, MySpace was the leading social networking website on the planet. Now, not only has Facebook caught MySpace in the social networking race, they’re on the verge of pulling away from MySpace.
As part of that fallout, MySpace recently revealed that they will fire about one-third of their employees — or about 420 workers. MySpace says this move will allow the company to become more nimble and more comparable to Facebook. Considering before this move that MySpace had approximately 1,420 employees and Facebook had 850 employees, this move makes a lot of sense on paper.
However, this may be …read more