AOL to shed more than one-third of work force (2,500)
AOL LLC, an Internet company struggling to adapt to an advertising-driven economy, is looking to shed more than a third of its work force as it prepares to spin off from Time Warner Inc. next month.
Major job cuts had been expected, but the magnitude hadn’t been known until Thursday. AOL, which now employs 6,900 workers, is asking for 2,500 volunteers to accept buyouts and plans to resort to layoffs if it does not get enough people.
AOL hopes to trim annual costs by about $300 million. The job cuts still need approval from the new AOL board and come on top of about 100 layoffs on Nov. 10.
Read the whole story at MSNBC
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aol is bunch of left wing shit heads just like moveon. they are anti-american and should go out of business.they are like a virus that needs to be deleted.