AOL To Cut 2,000 Jobs2007-10-15 12:39 by Sava700AOL is reducing its global work force by 2,000 employees, or 20 percent, as it continues a transition from Internet access provider to online advertising company. The latest round of job cuts comes on top of 5,000 positions eliminated last fall, after AOL said it would begin giving away AOL.com e-mail accounts, software and other features once reserved for paying subscribers to boost traffic to ad-supported Web sites. "This realignment will allow us to increase investment in high-growth areas of the company - as an example, we added hundreds of people this year through acquisitions - while scaling back in areas with less growth potential or those that aren't core to our business," AOL Chief Executive Randy Falco told employees Monday. More: http://www.cbsnews.com/stories/2007/10/15/business/main3367296.shtml
Post your review/comments
rate:
avg:
|