MySpace to cut 30% of workforce - USATODAY.com

LOS ANGELES — MySpace said Tuesday it is cutting nearly 30% of its workforce in a bid to become more efficient, bringing its staffing level more in line with its more popular rival, Facebook.

The move comes less than two months after MySpace, a unit of Rupert Murdoch's News Corp., hired former Facebook executive Owen Van Natta, 39, as its chief executive. It also comes a day after data from tracking firm comScore show Facebook has caught up with MySpace in monthly U.S. visitors for the first time...