According to Gawker, Myspace is set to layoff a massive number of people from their Los Angeles office.
A tipster close to the company says the social network got rid of a “massive number of people from their LA office today. Entire departments.” A “New MySpace” rep hasn’t confirmed the number, but the firings are real.
“We’re implementing changes at Myspace to support continued innovation and growth by streamlining operations to achieve profitability. We appreciate our team’s contributions to Myspace over the years, and are offering outplacement services and severance packages to assist impacted employees.”