Time Warner&#39;s AOL Unit to Cut 700 Jobs
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America Online, the world&#39;s largest Internet service provider, plans to lay off more than 700 employees early next month, or 5 percent of its US work force, to cut costs and meet financial goals, a source close to the company said on
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Timken Co. TKR.N on Friday said it   would cut about 700 jobs, or 5 percent, of its automotive group   employment, and significantly lowered its earnings outlook. It   cited a fall in North American auto industry production,   sending shares down more than 10 percent.
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Time Warner is "looking hard" at selling off the internet access portion of its AOL division over the next 12-18 months, Time Warner CEO Richard Parsons said on Tuesday.
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AT&amp;T Corp. announced yesterday that it is cutting at least 7,500 more jobs and slashing the value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan
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Sprint Corp. (FON.N: Quote, Profile, Research) on Friday said it plans to cut up to 700 jobs as it realigns its business to focus on wireless and Internet services and takes a non-cash network impairment charge.
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Time Warner Inc.  estimates its  AOL division would lose almost &#36;1 billion in operating profit  through 2009 under a plan to offer the unit&#039;s services free to  some customers, The Wall Street Journal said on Tuesday.
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NOVEMBER 02, 2004 (IDG NEWS SERVICE) - America Online Inc. plans to lay off 700 employees, about 5% of its US workforce, by the end of the year, several news organizations reported today.
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Matav, Hungary's biggest telecommunications company, will eliminate 3,750 jobs, representing 25 percent of its workforce, within two years in a cost-cutting measure, the company announced on its website.
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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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Time Warner&#39;s America Online unit is getting ready to fire more than 700 workers next month as part of a cost-cutting effort to combat declining subscriber numbers, according to a published report.
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Computer Associates (Quote, Chart) said it would cut 800 employees from its payroll in order to save $70 million per year. The move is part of the Islandia, NY-based management software maker&#39;s plan to streamline operations.
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Seeking to cut costs and streamline operations, Time Warner will separate AOLâs Internet access business from its Web site and online advertising business and cut 100 jobs at its corporate unit.
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Time Warner Inc. TWX.N on Tuesday   said a strategy to offer most of online unit AOL's services for   free was making faster-than-expected progress in attracting new   Internet users and cutting costs.
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AT&T Corp. T.N will cut about  7,000 jobs and reduce the value of its assets by $11.4 billion  due to its retreat from traditional consumer telephone  services, the company said on Thursday.
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Time Warner's struggling Internet unit AOL said it was likely to lay off about 5,000 employees, or a quarter of its global workforce, in the next six months.
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AT&amp;T Corp. announced Thursday that it is cutting at least 7,500 more jobs and slashing the value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan to retreat from the traditional consumer telephone business.
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Sprint Corp. FON.N on Friday said it  plans to cut up to 700 jobs as it realigns its business to  focus on wireless and Internet services and takes a non-cash  network impairment charge.