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AOL to Cut One-Fifth Global Workforce
Topic started on 15-10-2007 @ 10:54 AM by anhinga


AOL to Cut One-Fifth Global Workforce


news.google.com

NEW YORK (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.
(visit the link for the full news article)



reply to this post:   copyright & usage 


reply posted on 15-10-2007 @ 10:54 AM by anhinga


...proving the IT bubble is said and gone -- this, one of the first
Internet company, seems like the final nail in that coffin.

Next: subprime mortgages and credit industries.

Look out winter stock markets!

news.google.com
(visit the link for the full news article)



reply to this post:   copyright & usage 













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