AOL to Trim 2,000 Jobs in a Continuing Overhaul - New York Times

Unhappy times for AOL...

AOL said yesterday that it would eliminate 2,000 of its 10,000 jobs as it continues its move away from the Internet access business.

[...]

AOL has stumbled badly since it dominated the early days of the consumer Internet, growing so valuable that it was able to buy Time Warner. (The Internet operations are now a unit of Time Warner.) After the latest round of cuts, AOL will have fewer than half of the 18,000 employees it had at the time of that merger.

AOL to Trim 2,000 Jobs in a Continuing Overhaul - New York Times