Friday, November 20, 2009

AOL Plans to Cut Its Work Force by One-Third - NYTimes.com

I suspect the workforce buyout offer will be over-subscribed

In recent years, amid the fallout from its audacious merger with Time Warner, AOL Inc. has steadily become smaller through subscriber desertions and rounds and rounds of layoffs.

It is becoming smaller still.

On Thursday, AOL announced it would cut its work force by one-third by eliminating close to 2,500 workers. The move comes as the company prepares to be spun off from its parent company, Time Warner, into an independent, publicly traded company.

AOL Plans to Cut Its Work Force by One-Third - NYTimes.com

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