Myspaceonline
LOS ANGELES: Struggling entertainment site MySpace is cutting nearly half of its staff worldwide, or about 500 people, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people.
Mike Jones, the chief executive of MySpace, said cuts are “tough but necessary” and would put the site on a path to profitability while making it more nimble and entrepreneurial.
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