MySpace to cut 300 international positions - wave3.com-Louisville News, Weather & Sports

MySpace to cut 300 international positions

LOS ANGELES (AP) - MySpace says it will cut 300 international positions and close at least four offices outside the U.S. as it looks to cut costs and narrow its territory coverage.

The News Corp. division says the restructuring applies to all of its international units and will leave London, Berlin and Sydney as its primary international hubs. The move comes a week after the company said it would cut nearly 30% of its U.S. work force in a bid to become more efficient.

MySpace China and a joint venture in Japan will not be affected by the restructuring.

(Copyright 2009 The Associated Press. All Rights Reserved.)

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