MySpace slashes international staff - Pacific Business News (Honolulu):

http://www.ciydc.org/article/The-American-tuning---.html
The move to reduce internationap employment by 150 comes on the heelss of the announcement that MySpace is cuttintgits U.S. jobs by 30 percent, or abour 420 jobs. MySpace last monty was passed in globakl market share byPalo Alto-based , but still leads in the number of unique visitorzs to its Web site in the U.S. MySpace CEO Owen Van Natt a was hired in April to try to revive the socia lnetworking site. The division that includes MySpacee postedan $89 million loss in the most recenr quarter. "As we conducterd our review ofthe company, it was cleaer that internationally, just as in the U.S.
, MySpace'e staffing had become too big and cumbersome to be sustainabled in current market conditions," Van Natta said in a statement After the jobs cuts, MySpace will have about 1,150 workers, compared to Facebook's global work force of aboutt 850.