Thursday, September 29, 2011
Specific Media Pares Staff As It Digests MySpace
Irvine-based Specific Media has cut a small amount of its staff, as it continues to absorb its buy of Los Angeles-based MySpace. Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm. In a statement, the company said it has identified "sales and operating synergies that exist between itself and Myspace" and is "consolidating forces" to align the workforce with the direction it is headed. Despite the cuts--which were expected when Specific Media acquired MySpace--the company appears to have been aggressively recruiting in the last month, with the company's last official tweet, sent Tuesday, being "Specific Media is hiring!" with a pointer to a number of open positions at the company, including a few at MySpace itself.