Reuters :: Internet

MySpace to lay off 30 percent of staff

NEW YORK (Reuters) - MySpace, the social network owned by Rupert Murdoch's News Corp, said it will cut 30 percent of its staff to lower costs as it struggles to stay popular in the face of rising competition.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/Reuters/InternetNews?a=VdYLnAHsOa8:OIqfRY8S1Yk:yIl2AUoC8zA"><img src="http://feeds2.feedburner.com/~ff/Reuters/InternetNews?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/Reuters/InternetNews?a=VdYLnAHsOa8:OIqfRY8S1Yk:F7zBnMyn0Lo"><img src="http://feeds2.feedburner.com/~ff/Reuters/InternetNews?i=VdYLnAHsOa8:OIqfRY8S1Yk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/Reuters/InternetNews?a=VdYLnAHsOa8:OIqfRY8S1Yk:V_sGLiPBpWU"><img src="http://feeds2.feedburner.com/~ff/Reuters/InternetNews?i=VdYLnAHsOa8:OIqfRY8S1Yk:V_sGLiPBpWU" border="0"></img></a> </div><img src="http://feeds2.feedburner.com/~r/Reuters/InternetNews/~4/VdYLnAHsOa8" height="1" width="1"/>