Layoffs Coming To MySpace

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Layoffs Coming To MySpace

Postby snwmark » Thu Jun 11, 2009 9:50 pm

TECH CRUNCH -- June 10 -- MySpace is about to have a major wave of layoffs. One source describes the number of people affected as “massiveâ€
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Re: Layoffs Coming To MySpace

Postby yorktown » Mon Jul 06, 2009 7:34 am

Not Possible (sic)......

So, let me get this straight:

A company with no business model whatsoever is running low on cash and can\'t afford their:

STAFF
Servers
Bandwidth
Rent
...and other day to day business expenses?

I don\'t understand? I thought this company believed that they could \'NEVER\' falter.

Didn\'t they get USD $240 Million from Microsoft just 2 years ago? They must have really found a way to blow that kind of money. To blow $120 million a year, what can you possibly spend it on?

There are some great jobs in the banking industry for these people. There\'s a ton of TARP money that needs to be blown away.

We have been solid on our foundation for a business model when engaging in a social network. Otherwise, you have a lot of time spent with little to generate in terms of capital.

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Postby OqKHzubJtAXiOcF » Fri Dec 07, 2012 7:51 pm

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