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

Sponsor

Recent Reviews

Samsung Galaxy S 5

The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Co ...

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Sponsor

toggle

Most Commented

 
toggle

Popular News