In his biography or Rupert Murdoch, "the Man Who Owns the News," Michael Wolff spoke indirectly of News Corps culture saying "every second working for [Rupert] Murdoch is a second spent thinking about what Murdoch wants." Outside the realm of News Corps more core news-driven media properties, MySpace seemed to escape some of that oversight these past few years. The company was coasting on a straightening trajectory as an almost unaffiliated entity.
With new handpicked leadership in place, that's changing. Looking to refocus on the customer experience and regain a nimble edge without excess financial weight, MySpace said it will lay off about 30% of its staff.