Social networking giant MySpace has announced its latest belt-tightening moves in an effort to make the company more nimble and improve its bottom line: MySpace will be reducing its international staff by about two thirds—from 450 people to just 150—and plans to close at least four of its offices outside the United States.
According to the company, about half of MySpace’s user base comes from outside the United States. The move comes not even a week after MySpace announced it was cutting 420 positions, or about a third of its total workforce. After the latest round of cuts, MySpace will have about 700 employees.
