MySpace said Tuesday that 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 comes less than two months after MySpace, a unit of Rupert Murdoch’s News Corp., hired former Facebook executive Owen Van Natta, 39, as its new chief executive.
It also comes a day after data from tracking firm comScore show Facebook has caught up with MySpace in monthly U.S. visitors for the first time.
The cuts amount to about 420 people, bringing the total number of MySpace’s U.S. staff to 1,000. As of May, Facebook had about 850 employees worldwide, the vast majority in the United States.
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MySpace’s user base has stagnated at about 125 million worldwide users, while Facebook said its usage has doubled to more than 200 million in less than a year.
The Associated Press