Printed from http://www.electronista.com

AOL slashes 5,000 jobs

updated 02:40 pm EDT, Thu August 3, 2006

AOL Slashes 5000 Jobs

AOL may have used yesterday's news of itsnewly free services as a cushioning blow for harsher steps the company planned to take while switching to an ad-driven business model. Today, the access and content provider let employees know that up to 5,000 jobs, or a full 25% of the company's staff, will be cut within the next six months as part of restructuring efforts. While specific divisions weren't mentioned, it's likely that more of the cuts will come from the Internet access portion of the company, which is losing its customer base at a rapid pace.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News