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MySpace appears to be pushing hard to cut short expenses, so hard that appears to be desperate with the idea. The company laid off 500 of its U.S workforce earlier this month and there were rumors of layoffs coming to storm the International staff. Well that’s not a rumor anymore as MySpace will be cutting short its International staff by 66%. Well all this restructuring is only second to Yahoo. I just hope all this works out in MySpace’s favor, though I don’t see how it actually helps it to grow past Facebook.