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MySpace rumored slashing 75% of its staff

06/28, 10:05am

Sale also expected this week

Myspace is rumored to be cutting up to 300 employees from its workforce over the next few weeks. TechCrunch reports that 150 employees will receive pink slips tomorrow and probably another 150 will be shown the door over the next few weeks. This comes as the struggling company could have a new owner as soon as tomorrow.

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