Codebreaker

Myspace hammer comes down

John Moe Jan 11, 2011

As expected, 500 people get laid off. That’s 47% of their work force. I actually was putting this in the show, this little item, and I struggled with whether to say it was a “sad day” at Myspace. I mean, in one sense, yes of course. Things are sliding there, must be a drag, and obviously losing your job sucks. But I wonder if there’s a sense or relief a little bit too, especially among those who have skills that could be used at other tech companies.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.

$5/month special ending soon!

Don’t wait: there’s less than 24 hours left to get (almost) any Marketplace thank-you gift.