AOL to Cut 20% of Staff

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NEW YORK AOL will lay off roughly 2,000 people today, or 20 percent of its staff, as part of an ongoing organizational shakeup at the Web pioneer.

According to a memo issued yesterday by AOL president and CEO Randy Falco, which was obtained by Mediaweek, the company plans to reduce its worldwide workforce of 10,000 by close to 2,000 people. The memo said that this reduction in staff is tied to AOL’s recent reorganization, which saw the creation of the new Platform A division.

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