China Financial Daily

June 30, 2009

After Myspace layoffs: Myspace only 55 people, general manager leaves

Filed under: Financial News — Tags: — lily @ 10:23 pm -0700

After Myspace layoffs: Myspace only 55 people, general manager leaves
June 30 Beijing News: According to foreign media reports, Myspace layoff after the British left 55 people, the United Kingdom, general manager of the business is about to leave the company.

Two-thirds of overseas business Myspace layoffs, and cuts the number of British business have been disclosed by the media.

According to reports, Myspace Britain that there are 150 people, now only 55 people. In addition, Myspace, general manager of the British business¬?˄?Anthony has decided to leave the company.

It is not clear¬?˄?layoffs are included in the list, or take the initiative to resign.¬?˄?responsible for day-to-day management will be handed over to Myspace, general manager of European operations????ebecca completed.

The source said, Myspace redundant British business seriously, with the world into economic recession, at this time would be beneficial to thin.

It is learned, Myspace layoffs across all sectors of the UK, including marketing, outreach and other departments.

It is worth mentioning that, Myspace Music service will be landing in September in the United Kingdom, the service is trying to Myspace in the UK to bring some new air service. (Linghu up)

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Joost layoffs: U.S. video site Joost announced layoffs restructuring CEO will step down

Filed under: Financial News — Tags: — lily @ 10:22 pm -0700

Joost layoffs: U.S. video site Joost announced layoffs restructuring CEO will step down
According to foreign media reports, the video portal site Joost network Tuesday announced a management reorganization and layoffs, the company also said plans for the technology provider of self-renewal.

Will be the restructuring and retrenchment in the activities of Joost CEO to step downµ?ˎ֐ineda (Mike Volpi) wrote an article in the company blog, said: “Today, we have decided to make some changes,” “in the current difficult economic times, as a independent advertising network to support video platform operators, we are facing increasing challenges. ”

Joost said it plans to make a statement, “the reorganization and reconstruction”, adding that the project will be senior vice president of­̘Գ?˹?ƨMatt Zelesko) to replace Volpi as CEO, but the latter will remain Chairman of the Board.

In January 2007, Skype co-founder Nicholas Strom Zun (Niklas Zennstrom) and Janus Friis (Janus Friis) created a big way, Joost, but the site never really pay attention to the public in the network video market, has lagged behind YouTube, Hulu, DailyMotion, Veoh and other sites.

Joost said, Joost.com portal site will remain open, but the company will be mainly dedicated to media companies, cable and satellite TV providers, broadcasters and video aggregation and sharing video platform website. “The media companies all over the world have Internet-based video portal to sell their high-quality video as one of the main, but build a world-class video portals are becoming increasingly difficult and expensive.”

Joost did not disclose the specific number of layoffs. Previously has been reported that the company’s office in New York and London, the total number of employees for more than 100 people.

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Gannett layoffs: U.S. newspaper publishers Gannett plans to lay off over a thousand people

Filed under: Financial News — Tags: — lily @ 10:20 pm -0700

Gannett layoffs: U.S. newspaper publishers Gannett plans to lay off over a thousand people
According to one informed source, Gannett Co. Plans to layoff more than 1,000 people to cope with the continuing slide in revenue.

Calculated by daily circulation, Gannett is the nation’s largest newspaper publishers.

The informed source said that layoffs will be in the company’s U.S. Community Publishing sector, the sector has more than 80 kinds of Gannett’s newspaper; the layoffs will not give its flagship newspaper “USA Today” (USA Today) impact.

The company is not yet clear the exact scale of the layoffs, but the informed sources, the number of layoffs will not exceed 2,000 people.

Like most newspapers, as publishers, Gannett also serious business is being affected by a sharp decline in advertising by the impact. The company last year laid off 41,500 employees in more than 10% of the company is expected to be sluggish in performance after the first fiscal quarter to take further measures to layoffs.

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