AOL Job Cuts
With the recent decision to open up the content of AOL to the general public, there has also come some job cutting. Not just a few jobs here and there either, it's serious job cutting!
About 5000 AOL employees will lose their jobs in Europe and the United States. That's about one quarter of the AOL workforce.
Free AOL to mean job cut of 5,000
"The news came just a day after Time Warner said it would offer AOL's e-mail and security software to high-speed Internet users for free early next month."
"Advertising.com is expected to become a major player in AOL's recently announced plans to increase advertising revenues by offering its services free to customers with high-speed Internet access. The company, founded in 1998 by Owings Mills brothers John and Scott Ferber, was acquired by AOL in 2004 for $435 million. Its technology places relevant ads on Web pages." Baltimore Sun
# Internet Companies, Major Companies
About 5000 AOL employees will lose their jobs in Europe and the United States. That's about one quarter of the AOL workforce.
Free AOL to mean job cut of 5,000
"The news came just a day after Time Warner said it would offer AOL's e-mail and security software to high-speed Internet users for free early next month."
"Advertising.com is expected to become a major player in AOL's recently announced plans to increase advertising revenues by offering its services free to customers with high-speed Internet access. The company, founded in 1998 by Owings Mills brothers John and Scott Ferber, was acquired by AOL in 2004 for $435 million. Its technology places relevant ads on Web pages." Baltimore Sun
# Internet Companies, Major Companies
posted by Woopidoo at
3:38 AM
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