Darrell Hudson

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Myspace Mulls Significant Layoffs, With Potential Sale Looming

Breaking news by Liz Gannes NetworkEffect

Myspace–the long-troubled social networking site turned social entertainment hub–is in the midst of planning that could soon result in significant layoffs of its staff, according to multiple sources familiar with the situation.

While the decision of what cuts to make to its employee base have not been made yet, nearly the entire Myspace staff was given the last week of December off from work to save money.

Read more at networkeffect.allthingsd.com



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