Social networking site MySpace will slash 300 jobs and close four offices across the world, besides undertaking a possible restructuring of its India operations, says a media report.
The News Corporation-owned website (My Space) will close offices in at least four countries and "reduce its international employees from 450 to 150," The UK's daily The Telegraph said.
The report noted that MySpace has put its offices in India, Argentina, Brazil, Canada, France, Italy, Mexico, Russia, Sweden and Spain "under review for possible restructure".
The layoff news comes just a week after the website cut 420 jobs in America for which, the MySpace chief executive Owen Van Natta, described as its 'bloated' US operation.
"MySpace's staffing had become too big and cumbersome to be sustainable in current market conditions. Today's proposed changes are designed to transform and refine our international growth strategy," quoting Van Natta the report said.
"With roughly half of MySpace's total user base coming from outside the US maintaining productive and efficient operations in our international markets is important to users worldwide and our immediate financial strength," he added.
The company's offices in London, Berlin and Sydney would become "primary regional hubs".
