As I reported recently, MySpace did indeed let go of just about 50% of its workforce, laying off 500 people. With that done, it seems that MySpace is undergoing even further restructuring. In addition to a big shake up it would appear that News Corp, the MySpace owners that also own Fox, are looking for some potential buyers. The interested party? Yahoo.

I would venture to guess that anyone at this point who is interested in purchasing MySpace would be getting a bargain price on it, as the site has been on a fast track downwards, declining at what seems like a faster pace than even Facebooks incline in growth. One of the larger questions now becomes, what would one do with MySpace if they were to buy it? Can the site even begin to be saved?

The expenses and the overhaul of the site that is needed to slow the pace of its death is enormous. The manpower and money that would be needed to revive the site to even a fraction of what it wants was in its best days would be even larger. Is Yahoo a company that can pull this off, or is it going to be yet another property that they pick up and accelerate its demise?

 

Huffington Post is currently reporting that there are rumblings going on inside MySpace that they may be cutting down on their work force by 30-50%. This doesn’t come as a huge shocker considering in the past few months MySpace owners, News Corp, have made it very clear that big changes need to happen with the site to keep it running.

Just a few weeks ago, MySpace teamed up with the Black Eyed Peas to launch their new look, which I was excited about, but quickly lost excitement when I went to the site. I will confess, I didn’t even log in to see what all of the fuss was about, it was like they changed up the logo and called it a day.

MySpace doesn’t ask for my advice, but I am going to solicit it anyway. If MySpace wants to have ANY shot at continuing on and stopping its rather rapid death it is going to need a COMPLETE make over. Delete the whole site from the servers, keep the databases, and start over. Get rid of customized profiles, get ride of the sparkly graphics that have always looked like they were straight from 1991, and delete EVERYONE’S 1 billion music players that they have running on their pages. The profiles didn’t load well 5 years ago, and they still don’t, even with advances in computers.

MySpace has a lot of work if it wants to turn things around, it will be a hard task, but it isn’t possible, it has a MASSIVE email list that with the right redesign of the site, and honestly re functioning of it, they could email all of their users and have them back on the bandwagon, so to speak.

Anyone here still have a MySpace account that they use? What do you think of MySpace getting rid of some workers, did you see this coming?

 

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