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The entry titled "More layoffs at AOL," and any of the comments about it.
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Home > Plugged In > Archives > 2007 > October > 15 > Entry
More layoffs at AOL
Sometime Tuesday, about 2,000 employees at AOL are expected to get pink slips, becoming the Internet giant’s latest corporate casulaties.
In a note to workers that was picked up by the Associated Press and others, including former disgraced tech analyst-turned-blogger Henry Blodget’s Silicon Alley Insider AOL chief Randy Falco told workers (or as he puts it, “colleagues”) that the layoffs were necessary to cut costs after the latest in AOL’s repeated realignments in recent years.
AOL, a subsidiary of Time Warner Inc., has become something of a symbol for high-tech layoffs. In blogs and message boards Monday, some employees described how they’ve survived a dozen cutbacks so far, and have no desire to stick around for any more.
The job cuts AOL plans to detail Tuesday will take place over the next several months and reduce the company’s global workforce by about 20 percent, to about 8,000.
In his memo, Falco (or as he puts it, Randy) says the cuts will help AOL “build the largest and most sophisticated global advertising network.”
Of course that’s something the folks at Google Inc. - which coincidentally is hiring workers as fast as it can get them - is sort of doing too.
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