MySpace to cut two-thirds of its international workforce

At least four offices outside the US to close

Social networking website MySpace, owned by News Corp., is planning to close at least four offices outside the US and also cut around two-thirds of its international workforce.

The move comes a week after the company announced that it would cut around 30% of its workforce in the US.

The company said that the restructuring plan would reduce its international staff from 450 to 150 people.

Owen Van Natta, chief executive of MySpace, said in a statement: As we conducted our review of the company, it was clear that internationally, just as in the US, MySpace's staffing had become too big and cumbersome to be sustainable in current market conditions.

The company said that MySpace China, a locally-owned company, and MySpace's joint venture in Japan will not be affected by the plan and the possible restructuring is expected to apply to its international offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden and Spain.

The London, Berlin and Sydney offices are expected to become MySpace’s primary regional hubs for its international operations.

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