As part of a plan to restructure itself into a more innovative, efficient, and entrepreneurial business, MySpace announced today that it will reduce its staff by nearly 30%. This restructuring plan crosses all U.S. divisions of the company and lowers the total number of domestic staff at MySpace to 1,000 employees. (TechCrunch)

Cessna Aircraft Co., the nation’s largest builder of corporate jets, is planning another round of layoffs and possibly more furloughs, the company said Thursday.
CEO Jack Pelton sent an e-mail to employees warning them of the coming cuts in the work force and production, but he did not say how many workers will lose their [...]