Myspace Planning Layoffs As Much As 50% of Its Staff

AllThingsD's Liz Gannes reporting that trouble in MySpace land. The social networking site turned social entertainment hub--is in the midst of planning that could soon result in significant layoffs of its staff. The number could be as much as 50% of the 1,100 employees at Myspace, largely based in the U.S., but also in international locations.

Myspace Planning Layoffs As Much As 50% of Its Staff

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