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September 30, 2011 12:02 pm GMT

You Know Whats Cool? Not Myspace

Screen Shot 2011-09-30 at 1.09.54 AMMyspace savior Specific Media laid off 8% of its staff yesterday, about 50 people. Those laid off were mostly Myspace employees, according to one source, presumably eagerly awaiting their severance package; "The people that [sic] got let go were celebrating because Specific Media doesn't have a clue what to do."In the past three months Specific Media had gone from the excitement of new acquisition smell to post partum depression it seems like, recently scaling back this summer's grand Myspace relaunch plans because of unfavorable progress.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/im49JYIr5Yg/

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