This rumor’s been floating around for a couple weeks and finally came true. MySpace is officially cutting 47 percent of its workforce, some 500 employees. The company said the cuts are “to provide the company with a clear path for sustained growth and profitability.”
I’ve got some bad news for you MySpace. Even after the cuts, it looks like you guys might still employ more people than you have users. You’re gonna need traffic if you want these cuts to work. I just don’t know how realistic that is.
