And the layoffs continue. Today sees several reports claiming Fox Interactive Media will lay off 5 percent of its U.S. workforce, which amounts to about 100 people.

The Wall Street Journal reports that the layoffs began last month, are happening gradually on a unit by unit basis and include all groups from social networking monster MySpace to photo-sharing site Photobucket to mobile. TechCrunch reports that MySpace although MySace employs 1,600 of the company’s worldwide workforce of 2,900, most of the layoffs are happening elsewhere and the hardest hit will be Photobucket (which will lose 22 people).

MySpace said in a statement that the company will continue to hire people and will finish the fiscal year with more staff than it has right now and Fox Interactive Media said it was important to note that the company would continue to hire in many areas.

The reports follows news of layoffs at Intel, Microsoft, IBM and Sprint Nextel, Phillips, Caterpillar and Home Depot. Check out the full statements from the WSJ, below.

“I can confirm that several of the groups within FIM are eliminating some jobs and repurposing others. This is part of a larger effort we’re making to put FIM in the best possible position to succeed now and, more importantly, to emerge even stronger once the markets recover. It’s important to note that we continue to hire in many areas.”

“We are constantly aligning our business and resources to focus on the core strategic initiatives of MySpace. We currently have open positions, are actively hiring in areas including but not limited to MySpace Music, Business Development, and other product initiatives. We expect to have more MySpace employees at the end of this fiscal year than we currently have.”

Source:

WSJ

TechCrunch