AOL axing 700 jobs in cost-cutting move

TomClash

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Wed Jan-28-09 04:20 PM
Original message

AOL axing 700 jobs in cost-cutting move

Source: Crain's

AP) - Time Warner Inc.'s AOL business is cutting up to 700 jobs, or about 10% of the Internet unit's work force, in a bid to cut costs.

AOL Chief Executive Randy Falco told employees in a memo Wednesday that AOL plans to cut the jobs in the next several quarters. He also said that AOL will skip merit pay raises in 2009.

AOL has unsuccessfully attempted to shift from being an Internet access provider to an advertising-focused company. Time Warner has been working to split the operations of its access and advertising businesses, a move that could make it easier to sell one or both.

Read more: http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20090128/FREE/901289963/1040/newsletter01

Remember AOL? Maybe not for much longer.

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sofa king

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Wed Jan-28-09 04:45 PM
Response to Original message

1. You've got a pink slip!

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strategery blunder

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Wed Jan-28-09 05:27 PM
Response to Original message

2. AOL is still around? *shocked* NT

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HopeHoops

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Wed Jan-28-09 05:30 PM
Response to Original message

3. They shut down all of the Hometown pages on 31 Oct - NO WARNING AT ALL!

I've had AOL since like version 1.2 or something so I've got a lot of contacts tied to those screen names. The handwriting is on the wall. I started moving everything to non-AOL e-mail addresses back in November and I'm almost done. If you've got any important contacts tied to an AOL e-mail, switch them to another provider NOW!

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Dont_Bogart_the_Pretzel

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Wed Jan-28-09 05:49 PM
Response to Reply #3

4. I knew a doctor downtown that still uses AOL for email

I mean...really... some people just don't care what their customer think.

ie: DrSmith@aol.com or doctorjohnsmith@aol.com ??

This is 2009 !! Get your own Domain name already.
The doctor I knew had a IT department (two + people) to setup and maintain his Data Servers, but he didn't want to change.

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HopeHoops

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Wed Jan-28-09 06:42 PM
Response to Reply #4

7. Domains are $10 at GoDaddy and come with e-mail.

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Angleae

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Wed Jan-28-09 05:55 PM
Response to Original message

5. Who still uses AOL?

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madrchsod

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Wed Jan-28-09 06:07 PM
Response to Original message

6. i still have a netscape email address....

Edited on Wed Jan-28-09 06:07 PM by madrchsod

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