MySpace To Terminate 2/3 Of International Staff

MySpace is planning to lay off 300 of its 450 non-U.S. employees, it announced this morning, confirming our earlier report. Just one person in three gets to keep his or her job. The company has now announced that over 700 of it's 1,800 total employees have been or will be laid off - 30% of U.S. staff last week, and 66% of non-U.S. staff today.

The company will not confirm whether Managing Director Travis Katz is still with the company (we reported earlier this evening that he has left the company). Update: sources at MySpace are saying that Katz will remain with MySpace and that "his role hasn't changed." The company will still not respond to an on-the-record request for comment about Katz.

TechCrunch Europe has the press release and email from MySpace CEO Owen Van Natta to what's left of staff.

The company also says that it will close "at least 4 of its offices outside the United States," adding "Upon completion of the proposed plan, London, Berlin, and Sydney would become the primary regional hubs for MySpace’s international operations. Under the proposed plan, MySpace would place all existing offices in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain under review for possible restructure. MySpace China, a locally owned, operated, and managed company, and MySpace’s joint venture in Japan would not be affected by the proposed plan."

The email to employees notes absurdly that the "restructuring steps we have taken have laid the groundwork for an exciting new chapter of innovation for MySpace" (with nearly half of MySpace staff now laid off, the few that are left are thinking about everything except innovation). He also says "I look forward to working with you all and speaking with you in the coming days." I'm sure he'll get something less than a warm reception.

The full email is below.