More Bloodletting at AOL: 2,000 to Lose Jobs
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The logic? By cashiering 20 percent of its work force, the company will be better placed to expand its ad business and make new hires.
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The unemployment rate leaps to a two-year high, record numbers of people are forced from their homes and Wall Street nose-dives again. Such is the fallout from a housing meltdown that threatens to slingshot the country into a recession.
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The blood-letting continued yesterday at AT&amp;T as the once-mighty phone company announced it has increased the number of layoffs to 20 percent of its workforce, or 12,300
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AOL's roots are in Dulles, but the company wants to bite the Big Apple.
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AOL is facing a possible class action lawsuit over the release of search result data of 650,000 users in July. While the identities of those involved were scrambled, some of the data included within provided evidence of possible crimes.
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SAN FRANCISCO -- Averting a looming court battle over how it has handled the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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NEW YORK America Online says spammers may be giving up on sending junk e-mail to its subscribers. A spokesman for Dulles-based AOL says the number of spam messages they delete is down from last year.
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DULLES, Va. -- Time Warner Inc.'s America Online division, the biggest US Internet service, said it cut 750 jobs, or about 4 percent of its workforce, amid subscriber losses.
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Also: company announces it exceeded 2 million subscribers over Labor Day weekend.
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America Online (website - news - quote) reportedly is preparing to fire more than 700 employees in early December - mostly at the company&#39;s Northern Virginia headquarters.
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The charges of accounting improprieties at AOL date back to 2000. Some analysts had been expecting Time Warner to pay $500 million to $600 million to settle all of its criminal and civil charges with the Justice
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AT&T will add about 2,000 previously outsourced technical support jobs to its own payroll, the company announced Thursday.
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Report: Retailer could terminate as many as 1,200 positions stemming from stores sold to Home Depot.
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Malicious-toolbar distributor pays more than $2 million in federal settlement.
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Bank of America Corp., which operates 25 branches in San Antonio, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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America Online, Inc. (www.corp.aol.com) announced it was stepping up its fight against purveyors of unwanted, junk computer messages by filing two new lawsuits in Federal Court.
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Business & money: Closure plans put up to 2,800 jobs at risk.