AOL Looks To Trim One Third Of Staff
It looks like last week’s layoffs were only the tip of ice berg for AOL. As predicted, the company said today that it was looking to trim its workforce by one-third as it prepares to spin off from its parent company, Time Warner, next month.
Reports say AOL is looking for up to 2,500 volunteers through a voluntary buyout program that will run from December 4 until December 11. If more cuts are needed after the buyout offer period ends, then there will be layoffs as AOL seeks to trim $300 million from its annual operating expenses.
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