AOL Plans to Cut Its Work Force by One-Third
Reuters, November 19, 2009
AOL said it plans to cut one-third of its work force, or about 2,500 jobs, in an effort to trim $300 million in annual costs as part of its planned spin-off from Time Warner. The struggling Web pioneer said it had asked for volunteers, but will perform involuntary layoffs if enough workers do not step up.
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