MySpace to cut 300 intl positions, close offices

LOS ANGELES — Social-networking site MySpace said Tuesday it plans to cut 300 jobs, or two-thirds of its overseas work force, in an effort to rein in costs and focus on countries where it has many users and better business opportunities. The move comes a week after the News Corp. unit said it would cut 420 jobs in the U.S., or nearly 30 percent of its domestic work force. Combined, the cuts will reduce MySpace's employee base by nearly 40 percent to about 1,150.

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MySpace to cut 300 international positions

LOS ANGELES — Social-networking site MySpace said Tuesday that 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.

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