Rumor: Myspace to lay off 37.5% of workforce on Wednesday

rumor myspace to lay off 37 5 of workforce on wednesday for saleIt is rumored that Myspace will be firing 150 of its current 400 employees Wednesday this week. More than one source within the company is saying that the cull is certain.

Gawker spoke to a Myspace veteran with friends at the company who believes many are expecting and even hoping for the cuts. He said, “I think the management owes the employees severance because of the terrible management mistakes they presided over.”

There is speculation that the layoffs are an attempt to appear more attractive to potential buyers by being less bloated with costs. Myspace has already had a huge case of bulimia in January when it cut 47 percent of its 1,100 US and international employees, but that still wasn’t good enough for anyone to take the social networking site off of News Corps’ hands. Since 2009, Myspace has laid of more than 1,500 employees. These latest cuts will be about 37.5 percent of their staff.

It’s still not clear whether this will be happening on Tuesday or Wednesday, but Myspace’s fiscal year ends on Wednesday. TechCrunch reports that their own source is confirming that layoffs will happen. The 150 employee cut may also be related to a rumor that Myspace is being sold. TechCrunch says that the sale will be signed tomorrow and will be announced at the end of the week. There’s no word on who the buyer is, though Activision’s CEO Bobby Kotick is a frontrunner in the speculation.

It doesn’t seem like such a bad deal for all sides. NewsCorp gets to hand over a company that lost 10 million users between January and February, and was steadily being drained of it’s users by 14 percent each month. Employees that get laid off (who should have easily foreseen this) will not be pushed out into the cold. They’ll get to take part in a transition plan where they can work and get paid while they job hunt, though this probably only last a few weeks.

Product Review

Samsung’s Galaxy Book 2 is a Surface Pro alternative with one big advantage

The 2-in-1 form factor is clearly a big deciding factor for anyone looking to buy a new device, which is why Samsung is again getting in the action this year with the new Galaxy Book 2.
Mobile

The OnePlus 6T is coming a day earlier, event moved to October 29

According to a recent report, the launch of the OnePlus 6T could be different from any other OnePlus launch in history. How? It could have the backing of a major U.S. carrier. Here's everything we know about the OnePlus 6T.
Deals

Here are the 5 best Salesforce alternatives and competitors

Salesforce has taken the customer relationship management, or CRM, world by storm. But these five alternatives, including Freshsales, Microsoft Dynamics 365, and Zoho CRM, are solid options if you're looking beyond Salesforce.
Movies & TV

Peter Dinklage gets cryptic about two 'Game of Thrones' characters' fates

With the eighth and final season looming, Game of Thrones fever has officially become a pandemic. Our list of all the relevant news and rumors will help make the wait more bearable -- if you don't mind spoilers.
Computing

Nvidia is slowly rolling out its next generation of GPUs. Here's what you need to know about them

Nvidia's new RTX 2000 series graphics cards are impressive pieces of hardware, with some amazing advancements and some rather high price tags to match. Here's everything you need to know about Nvidia's new top-tier cards.
Computing

Consider an extended warranty plan if you buy a Surface Pro 6

Though Microsoft offers a standard one-year warranty on the Surface Pro 6, consumers may want to purchase an extended warranty plan if they intend on keeping their tablet longer due to the device's low repairability score.
Computing

'World's best gaming processor'? We put Intel's new i9 through the ringer

Intel has launched the first Core i9 for the average gamer. Despite some controversies around its release, it’s the fastest gaming processor we’ve yet tested.
Computing

Samsung Chromebook Plus V2 vs. Google Pixelbook

Samsung's Chromebook Plus V2 attempts to answer the question: can you spend around half as much as on the premium Google Pixelbook and be happy that you saved some serious cash?
Computing

Protecting your PDF with a password isn't difficult. Just follow these steps

If you need to learn how to password protect a PDF, you have come to the right place. This guide will walk you through the process of protecting your documents step by step, whether you're running a MacOS or Windows machine.
Computing

Google Chrome 70 is finally getting a picture-in-picture mode

Picture-in-picture mode is finally coming to Google Chrome 70 on Mac, Linux, and Windows. The feature not only applies to YouTube but also any other website where developers have chosen to implement it.
Computing

Intel's 9th-gen chips could power your next rig. Here's what you need to know

The Intel Core i9-9900K processor was the star of the show for consumers, but a powerful 28-core Xeon processor also led announcements. Here's everything you need to know about the latest Intel chipsets.
Computing

Core i9s and Threadrippers are all powerful, but should you go AMD or Intel?

The battle for the top prosumer CPUs in the world is on. In this head to head, we pit the Core i9 versus the Threadripper to see which is the best when it comes to maximizing multi-core performance on a single chip.
Computing

Despite serious security flaws, D-Link will (again) not patch some routers

D-Link revealed that it won't patch six router models despite warnings raised by a security researcher. The manufacturer, for the second time in a span of about a year, cited end-of-life policies for its decision to not act.
Computing

Apple’s latest feature ensures MacOS apps are safer than ever

MacOS is mythically known for being more immune to viruses than Windows, but that doesn't mean there isn't room to make it safer. Apple is using an app notarization feature to protect users from downloading malicious apps.