Don’t want to over implode it any further, here are loads of news regarding the layoffs.

TheHuffingtonPost reports it here:
MySpace said it is cutting nearly 30 percent of its work force in a bid to become more efficient, bringing its staffing level more in line with its more popular rival, Facebook.

The move, the latest cost-cutting effort at the site, comes less than two months after the unit of Rupert Murdoch’s News Corp. hired former Facebook executive Owen Van Natta, 39, as its new chief executive.

TechCrunch reports it here:
MySpace announced the decimation of its international staff (300 out of 450 non-US staff will be let go), CEO Owen Van Natta pinpointed the global offices he considers dispensable. He released a statement saying that while the London, Berlin and Sydney offices will be preserved, MySpace will look to “restructure” the offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain and plans to close four offices all together.

AllThingsDigital reports it here:
MySpace, which is still 1,000-strong, and its leaders have to face the cold, harsh light of day in the aftermath of the restructuring and get busy quickly figuring out a way to reinvigorate a brand that has suffered after a stunning rocket of a start many years ago.

Whatever changes are made, most sources note that MySpace needs to try to remain true to its original frisky and fun start-up core, while innovating a next-generation product and continuing to goose its advertising business.

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