Report: AOL to Cut 700 Jobs
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Ina cost-cutting move, America Online plans to cut more than 700 employees at its Northern Virginia headquarters next month, according to a report in the Washington Post that cited unnamed sources.
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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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Finnish phone firm Nokia is to cut 700 jobs globally, in a bid to make itself "more competitive".
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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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NEW YORK -- American Express Co. Friday said it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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SEPTEMBER 29, 2004 (IDG NEWS SERVICE) - Computer Associates International Inc. plans to cut 800 positions worldwide, 5% of its workforce, in the hope of shaving $70 million annually off its operating costs.
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America Online, the world&#39;s largest Internet service provider, plans to lay off about 5 percent of its US work force as it faces an ever-dwindling subscribership, a source close to the company said on Tuesday.
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Revolution Health Group will lay off 60 employees starting this week as part of a broad restructuring at the health-care business launched two years ago by AOL founder Steve Case, the company said yesterday.
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Sprint Corp., the telecommunications giant, said yesterday it will cut 700 jobs in its business solutions division as it stops selling business long distance services outside of package deals. The cuts represent 7.8 percent of the division's workforce.
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Bank of America plans to cut about 150 city jobs as it trims its overall staff by 4,500, people familiar with the situation said. The cuts at the bank, which already said it would slash 12,500
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EarthLink Inc said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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AT&amp;T Corp. (TN: Quote, Profile, Research) 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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As first reported by the Washington Post, America Online is expected to eliminate more than 700 jobs from its workforce next month. The majority of the layoffs will occur at AOL's Dulles, Virginia headquarters where nearly 5,000 are presently employed. Analysts cite AOL's dwindling subscriber base; however, a company spokesperson refused to validate that assertion. Officially, AOL has no comment.
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CHICAGO, Jan. 29  â The Sara Lee Corporation said on Monday that it planned to cut nearly 1,700 jobs, or about 3 percent of its work force, in its latest effort to reduce costs.
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Dutch Bank ABN Amro NV said Thursday it will cut 2,850 jobs in dozens of countries in an effort to save euro770 million (around US$1 billion) annually from 2007.
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Company plans to cut up to 7000 jobs this year as it transitions to digital technologies.
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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.