MySpace lays off half it's employees

What?????? You mean to tell me MySpace is still in existance?


I'm not trying to be funny really I thought MySpace was faced out of existence back in 2004. Anyway today MySpace is laying off half of it's work force during this hard economic times.

"Today's tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability," Jones wrote, according to reports. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product. The new organizational structure will enable us to move more nimbly, develop products more quickly, and attain more flexibility on the financial side. We are also committed to rebuilding the company with an entrepreneurial culture and an emphasis on technical innovation." 

MySpace has a total of 22 million users which is nothing compared to Facebook's 500 Million users. How does this qualify as gaming news. It doesn't. It's just funny to see MySpace is still trying to compete in this market but I will say that 22 Million users is a lot of users but question is how many of those 22 million users actually use MySpace?

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