Ax Descends at Myspace; Ex-Employees Leaving the Building

Well, that was fast. Gawker reported today that Myspace called two meetings this morning to announce layoffs, and it sounds like the one with the bad news just let out. Betabeat is hearing from a source in the vicinity that laid-off Myspace employees in the L.A. office are now leaving the building.(Hugs!) We pinged Myspace for comment and got redirected to News Corp. We’ll update as soon as we know just how many employees user data mining can pay for.