AOL to cut one-fifth of global work force

Source: Reuters

Time Warner Inc's Internet unit AOL will eliminate 2,000 jobs as part of an ongoing restructuring to better focus on boosting online advertising, according to a memo obtained by Reuters on Monday.

The cuts, which begin on Tuesday, amount to about one-fifth of AOL's global work force and are spread across operations in the United States and in Europe, where the company has sold off its Internet access businesses.



Read more: http://www.reuters.com/article/ousiv/idUSN1540186620071015

:puke:

get a huge pay raise and bonus. Isn't that what all these pigs are doing? Redistributing wealth from the bottom and middle to the top, and enslaving tird world people in horrible working conditions that are just a tad better than what they had, but not enough. Greed became Godly with Ronald Reagan.

Never mind how all the Indian H1Bs don't seem to be perceiving any offshoring as exploitation or extortion, the reality is that AOL is a shite company with a shite service that can't keep its dwindling customer base any longer.

The latest turmoil won't help AOL at all.

I rememeber back in the day that AOL would provide internet service with their crappy interface for those that found it too hard to use netscape. So what are they even doing now??

Shove advertisements down their users throats.

everyone knows of AOL's horrid service.

Which is about to get worse.

Source: IDG News Service

It thins down as it continues a transformation into an online, ad-supported business.
Juan Carlos Perez, IDG News Service

AOL LLC will lay off about 2,000 employees, or approximately 20 percent of its staff, as it continues its transformation into an online, ad-supported business and moves further away from its traditional revenue model based on dial-up Internet access fees.

The layoffs will begin on Tuesday and will continue over the coming months, CEO Randy Falco said in a memo sent to employees on Monday and obtained by IDG News Service.

The staff reductions will allow AOL to increase its investments in "high-growth areas of the company," Falco wrote.

"So where is this taking AOL? Put simply, my vision for AOL is to build the largest and most sophisticated global advertising network while we grow the size and engagement of our worldwide audience," the memo reads.

Read more: http://www.pcworld.com/article/id,138455-c,portals/article.html

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I still use Netscape!!!!

Without realizing that dial-up Net access would eventually be abandoned. Too bad.

Every time I called in to cancel they wouldn't let me, and instead would tell me to take more time to check out their services.

<snip>
The staff reductions will allow AOL to increase its investments in "high-growth areas of the company," Falco wrote.
<snip>

Our corporate staff, CEO and investors are not making enough money in bonuses because we have too many employees...:sarcasm: