ADOTAS — As was speculated, the social network’s continued restructuring, which included ending plans for a location move and US layoffs, has moved overseas.
MySpace will be cutting 300 international staff and closing at least 4 offices outside the US, with those in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain coming under review, according to Techcrunch. MySpace head Owen Van Natta said the company grew its European operations too fast and that London, Berlin, and Sydney offices will become hubs for the company’s regional activities.
Despite earlier reports, Fox Interactive Media will be not be closed down, just restructured, but will probably have it’s name changed to the Digital Media Group, according to AllthingsD.
MySpace already laid off 30 percent of its staff, about 420 people, in the U.S., though there are no current plans for more layoffs.