Myspace.com lays off 500 employees
This could be a sign that MySpace.com is going to end, although execs are telling the opposite. Executives announced that they are laying off 500of their employees around the world not because they are ending, but rather help them have a clear path for more growth and laying off employees would save the company more. “The new organizational structure will enable us to move more nimbly, develop products more quickly, andattain more flexibility on the financial side.” Wow, that was really a good way to say that you're going down MySpace. Those poor employees are now going to have to face the harsh world of unemployment. This is really bad.