Unconfirmed: AOL Planning Massive Layoffs?
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Rumors suggest that AOL, which hired a new CEO last November and has suffered a precipitous drop in revenue recently, is getting ready for massive layoffs.
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AOL said Thursday it expects to drop as many as 5,000 employees, or a quarter of its global work force, within six months as the company restructures its business to draw more online advertising dollars.
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Intel is expected to unveil a massive layoff as soon as Tuesday that could eliminate thousands of jobs, according to a pair of published reports.
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unsupported writes &quot;Just days after news that AOL will be breaking up into 4 business units, AOL is telling existing broadband customers in 9 Southern states to find a new carrier.
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In both a literal and symbolic move, AOL announces a move to New York and a new focus on the online-advertising market. But is it too little too late?
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IAC/InterActive spins off the online travel service. Also: PCs sprout second brain.... Nielson ratings show broadband users surpassing dialup.... and more.
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AOL on Monday confirmed to its employees the rumored departure of several senior executives and announced a reshuffling of top-tier management duties in a memo penned by Randy Falco,Â the new chief executive officer.
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Time Warner Inc.  said on  Thursday it will make a decision on AOL&#39;s future by the end of  the year, addressing rampant speculation the online unit could  be spun off or merged with another company.
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AOL lost two million customers in the US over the last year. At the end of September AOL had 22.7m US users, a fall of 646,000 on the previous quarter and down two million a year ago.
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Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised to lay off hundreds of workers, according to published reports.
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Build it (and make it free), and they will come? AOL likes to think so.
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DULLES, Va. -- The walls surrounding America Online Inc.'s well-manicured gardens are crumbling: AOL is abandoning its strategy of exclusivity and will free much of its music, sports, and other programming to nonsubscribers, in hopes of boosting ad sales.
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AOL told 500 employees at the company's Dulles headquarters today that their jobs would be eliminated, as part of plans announced this summer to trim its workforce and change the business strategy.
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Hundreds of workers are expected to lose their jobs as the struggling internet company implements cost-cutting measures to stop its slide.
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Time Warner Inc.&#039;s AOL LLC online unit is considering giving away more of its services, including e-mail, to customers who already have a high-speed Internet connection, a person familiar with the discussions said Thursday.
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NEW YORK -- AOL will disband a unit that handled subscriptions and give product managers more autonomy over designing services for consumers as the company increases its emphasis on generating advertising revenue.
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America Online is testing a souped-up, totally redesigned pre-release of its widely visited AOL.com homepage. After lying dormant in the trappings of its classic design scheme, AOL.com has entered the era of high bandwidth. Much like other leading Web portals, users have their pick of news and other content feeds. Lastly, AOL has moved its search engine â powered by Google â front and center along with the most popular AOL.com destinations.