Los Angeles-based MySpace reported this morning that the firm intends to restructure the firm's international operations, and will cut 300 employees from the division. According to MySpace, it is in consultation with international employees to reduce its staff from 450 employees to approximately 150 employees, and close at least 4 of its offices outside the United States. MySpace In a statement, new MySpace CEO Owen Van Natta said that the firm's international staffing had become "too big and cumbersome to be sustainable in current market conditions." READ MORE>> ...Tags:

Los Angeles-based MySpace has chopped 30 percent of the firm's staff, saying Tuesday that the company is laying of 30 percent of its employees, or 400 people. Van Natta said that MySpace's size had become "unsustainable," and instead, the firm needs to operate "as a nimble and entrepreneurial company with the adaptive mentality of a start-up." READ MORE>> ...Tags: Tags: myspace According to a widely released memo from CEO Owen Van Natta, the moves were made "for the long-term health" of the company, and will cut the number of employees at the firm to 1,000.

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. When I drill down on that term, you can see why with posts like: Hollis-Eden Pharmaceuticals Lops A Third Of Company THQ Lays Off 100 Employees, This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the