MySpace has confirmed that it’s reducing its international staff from 450 employees to around 150, and closing at least four of its non-US offices.Following the restructuring, MySpace will run three regional hubs – London, Berlin and Sydney – and is placing all its offices elsewhere “under review for possible restructure”. That means Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain are on the chopping block. MySpace China and the company’s joint venture in Japan aren’t affected by the plans.Note, this refers to offices – MySpace as a website will still be operating in all these countries and elsewhere. “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,” says CEO Owen Van Natta.”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. Today’s proposed changes are designed to transform and refine our international growth strategy.”
Music Ally’s next Learn Live webinar will help you understand what’s required for artists to thrive in new international markets!