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It looks like the giant social networking site MySpace is gearing up for other grave layoffs. It is expecting to have to lay off as many as 500 of the 1,600 it currently has working at their headquarters.

IT based systems have become the most common tool for every company around the world but are also pretty much vulnerable to a lot of frequent changes. However, ITIL best practices have been developed to help avoid this kind of misfortunes from happening.