AOL Layoffs Due Next Month

KingFishKingFish
edited November 2004 in Science & Tech
America Online is expected to cut more than 700 jobs from its work force next month, as the online giant continues to struggle with declining subscriber numbers, according to a source familiar with the plans.
AOL, a unit of Time Warner, will likely make most of the cuts at its Northern Virginia headquarters, where it employs approximately 5,000 workers, the source said. The company overall has 13,000 employees throughout the United States. The source added that job eliminations would begin in December and affect many departments across the board. An AOL representative declined to comment. The expected layoffs were first reported by The Washington Post. New layoffs would be just the latest restructuring the online company has undergone. In December, the company cut 450 jobs from its California operations, a move that included closing two offices and slicing the number of its software developers in half.
I hate it that people are losing their jobs, but they sure put out a crappy product and have terrible business practices along with very questionable creative accounting. -KF

Source: ZDNet

Comments

  • mmonninmmonnin Centreville, VA
    edited November 2004
    I know some classmates that work at AOL as interns. I hate AOL as well but I dont want to see them lose their jobs.
Sign In or Register to comment.