MySpace has confirmed that it's closing four of its international offices and cutting international staff from 450 to 150. The news comes just days after the company announced it was cutting US staff by 30%.
MySpace will subsequently run three "regional hubs" in London, Berlin and Sydney, making its offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain "under review for possible restructure".
MySpace will still run websites in those countries, however there won't be any more regional staff. CEO Owen Van Natta said: "Maintaining productive and efficient operations in our international markets is important to users worldwide and our immediate financial strength".
“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".
It's clear that some big changes are going down at MySpace. It remains to be seen whether the company will be able to do enough to recapture the social networking crown from current darlings Twitter and Facebook.