AOL To Cut 2,000 Jobs

Posted: Oct 15 2007, 1:56pm CDT | by , Updated: Aug 11 2010, 4:22am CDT, in News | Technology News

 
AOL to cut 2,000 Jobs
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Time Warner Inc., will lay-off 2,000 employees at AOL.

This is about 20% of the Internet unit's worldwide workforce. AOL's president Randy Falco sent out an email to employees that confirms the lay-off. Apparently severance packages will be generous.
The reduction to 8,000 employees is supposed to take AOL a couple of month and is starting tomorrow.
More details on Bloomberg and on Alley Insider.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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