The proposed move comes a week after MySpace said it will cut 30 percent of its staff.
(Reuters) - MySpace, the social network owned by Rupert Murdoch's
News Corp, said it plans to cut about two-thirds of its international
work force and close at least four of its offices outside the United
The proposed move comes a week after it said it will cut 30 percent of its staff.
Roughly half of MySpace's total user base comes from outside the
United States. Rival Facebook's worldwide user base is more than double
that of MySpace, according to market researcher comScore.
The proposed restructuring plan would apply to all international
divisions of MySpace, reducing its international staff to about 150
Under the proposed plan, MySpace would place all existing offices in
Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden
and Spain under review for possible restructuring.
Upon completion, London, Berlin and Sydney would become primary regional hubs for MySpace's international operations.
MySpace China, a locally owned, operated and managed company, and
MySpace's joint venture in Japan will not be affected by the proposed
plan, the company said.
(Reporting by S. John Tilak in Bangalore; Editing by Himani Sarkar) ??Â« Thomson Reuters 2009 All rights reserved