MySpace to lay off 50 percent of Staff

networkeffect.allthingsd.com — Myspace -- the long-troubled social networking site turned social entertainment hub -- is in the midst of planning that could soon result in significant layoffs of its staff, according to multiple sources familiar with the situation. The cost-cutting comes against a backdrop of a possible sale of the News Corp. unit. Dec 31, 2010 View in Crawl 4