Social entertainment website MySpace.com is dropping almost half of its staff in an ongoing transformation of its services.
The "restructuring" affects about 500 employees, representing 47 percent of the company. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product," Chief Executive Mike Jones said.
News Corp has repeatedly indicated that it is open to selling the relaunched MySpace service to any interested parties, but reports just last week suggested that there are no ongoing talks.












