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MySpace Layoff Letter Adds Insult To Injury

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Zephie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 11:58 AM
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MySpace Layoff Letter Adds Insult To Injury
Edited on Sat Jan-15-11 11:58 AM by Zephie
MySpace capped off their recent 500-person layoffs with a goodbye letter thanking fired employees for their help during a "unique moment" in history. An angry ex-staffer sent TechCrunch a copy of what is reportedly the "pink slip" note from MySpace CEO Mike Jones.

The missive concluded:

"Although we can't continue on this journey together--I hope you will all stay connected with MySpace and know that your contribution to the business was a unique moment in time and that you participated in something that few have been part of in our industry."

That moment? Helping MySpace undergo a major design and prepare for a possible sale while, shortly after the site's makeover was complete, firing nearly fifty percent of staff--a move that has not encouraged ex-employees' benevolence towards their former company.

<snip>

MySpace's continued losses have troubled parent company NewsCorp, who purchased the site in 2005 for $580 million dollars.

http://www.huffingtonpost.com/2011/01/14/myspace-layoff-letter-_n_809293.htmlhttp://www.huffingtonpost.com/2011/01/14/myspace-layoff-letter-_n_809293.html
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