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(The Register)   150 more employees need cardboard boxes to clear out their spaces at Myspace   (theregister.co.uk ) divider line
    More: Followup, bobby kotick, MySpace, cardboard boxes  
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810 clicks; posted to Business » on 28 Jun 2011 at 10:52 AM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



14 Comments     (+0 »)
 
 
2011-06-28 11:00:43 AM  
There were still 150 people at Myspace?
 
2011-06-28 11:09:30 AM  
Looks like 150 people out of 400 remaining are laid off immediately. 150 more will be told they will be laid off in a couple weeks. 500 were already laid off earlier in the year. So, they are going from 900 employees to 100. There is an investment group in talks to buy the company, but they are offering less than $100 million. Fox paid $580 million in 2005.
 
2011-06-28 11:13:18 AM  
Current mood: Depressed
 
2011-06-28 11:53:45 AM  
What they hell could a social networking site have in the way of work for that many people?
 
2011-06-28 12:09:13 PM  
Who would want to buy that crap?
 
2011-06-28 12:31:32 PM  

jchic: What they hell could a social networking site have in the way of work for that many people?


Facebook has over 2000 employees, so I'm sure there's plenty of programming and server maintenance to do, if anybody actually used the site any more.
 
2011-06-28 12:32:39 PM  
www.protias.com
 
2011-06-28 12:54:42 PM  

Geotpf: Facebook has over 2000 employees, so I'm sure there's plenty of programming and server maintenance to do, if anybody actually used the site any more.


Even that number is suprising. I may be wrong, but I would assume that Facebook uses hosted server farms, so really it's just programmers, graphic designers, legal, etc. There is no tangible, "industrial" side to it, it's just a website that offers very narrow functionality and is not terribly complicated.

I would bet it's less than 100 people at Facebook that produce 90% of what actually drives the business.
 
2011-06-28 12:55:55 PM  
Well, a quick Google search shows that Facebook does in fact seem to host its own data centers, so I guess that requires a fair bit of manpower...
 
2011-06-28 12:59:04 PM  
I should keep searching before I post, but apparently the new data center which was supposed to open earlier this year and was their first in house center, will employ only 35 people. So I'm going back to my first point, and closing Google. For now.
 
2011-06-28 01:30:13 PM  
I read they are selling it for $20 mil... not bad since they paid $580 mil
 
2011-06-28 03:38:29 PM  

BalugaJoe: I read they are selling it for $20 mil... not bad since they paid $580 mil


What on that site could possibly be worth even $20 million? Unless they're just planning on selling user data to marketing companies or something, but even that's a stretch.

What makes that site worth even 20 dollars, much less millions of dollars?
 
2011-06-28 04:04:47 PM  

Why Would I Read the Article: BalugaJoe: I read they are selling it for $20 mil... not bad since they paid $580 mil

What on that site could possibly be worth even $20 million? Unless they're just planning on selling user data to marketing companies or something, but even that's a stretch.

What makes that site worth even 20 dollars, much less millions of dollars?


They're going to save the hilarious bullshiat on people's Myspace pages and hope that some of them become famous one day. Future presidential candidate Robin Smith will gladly pay a few million to have her sparkling tinkerbell that says "PLUG MY HOLES" from her boyfriend's myspace comment wall buried in the database.
 
Jha
2011-06-28 05:37:40 PM  

Geotpf: jchic: What they hell could a social networking site have in the way of work for that many people?

Facebook has over 2000 employees, so I'm sure there's plenty of programming and server maintenance to do, if anybody actually used the site any more.


Let me enlighten those of you unfamiliar with the real world that a tech company, such as FB or MySpace has much more than just derp-derp coder jobs. Aside from all of the tech related jobs, it is just like any other office type business and has the same departments as many other similar companies. Customer support, sales, marketing, HR, legal, travel, management, R&D, grounds crew, etc, then all of the departments below those. It's more than code monkeys. It's a business.
 
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