AOL layoffs due next month
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update America Online is expected to cut more than 700 jobs from its work force next month, as the online giant continues to struggle with declining subscriber numbers, according to a source familiar with the plans.
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Aged Operator Leftovers The boss of media omnicorp Time Warner said yesterday he is considering selling off the AOL dial-up business Stateside.â¦
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A rash of job cuts â-ore than 16,000 layoffs just this week from a handful of companies, including AT&amp;T Corp. â -e created some gloom on the jobs front.
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Time Warner Inc.'s  AOL online  division on Thursday said about 5,000, or about 26 percent of  its 19,000 employees, will not be employed by the company  within six months as a result of its retructuring.
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Yahoo is likely to cut hundreds of jobs later this month, report says.
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Industry analysts expect close to 10,000 job cuts in the coming weeks so that the workers can be removed from AT&T's books by the end of the year.
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By Arianne Aryanpur, Washington Post Staff Writer  Loudoun County officials said last week they regretted the decision by AOL to lay off about 450 employees at its corporate headquarters in Ashburn, but they predicted that the workers would be reabsorbed quickly into the region's economy.
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AOL will be getting a dose of Cramerica.
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AOL just gave its customers more reasons to stop paying. In a strategy shift likely to accelerate the decline in its core Internet access business, AOL said Wednesday it would give away e-mail accounts and software previously available only to customers who paid as much as $26 a month.
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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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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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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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MUMBAI: In a bid to reverse its declining fortunes through cost cutting measures Time Warner&#39;s unit America Online which claims to be the world&#39;s largest internet service provider will remove over 700 employees shortly.
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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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Time Warner's new Chief Executive Officer announced the outline for AOL's restructuring, which may include divesting from the AOL access business and Time Warner cable unit, and even New Line Cinema.
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ZDNet&#39;s survey of IT professionals in August kept Wired &amp; Wireless on top for the 18th month in a row. AT&amp;T will cut about 7,000 jobs and reduce the value of its assets by $11.
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The company's development group has been hit with layoffs.