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

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News