It wasn’t a rumor and the cuts were not meant to happen at Fox Interactive Media when we said that as many as 30% of the staff would be laid off at MySpace or Fox. Today it has been confirmed that the head count is going to lessen at MySpace alone. With this coming out to be true, MySpace will be sending close to 500 of its employees back home. Sad day, at MySpace and our wishes with the unlucky employees.
