AOL Cuts About 100 Staffers
AOL laid off roughly 100 employees on Tuesday (Nov. 10), confirmed a company spokesperson. But the layoffs are not part of a much larger restructuring that the embattled Web company is planning for either later this year or early next year, according to sources.
Tuesday’s layoffs were scattered throughout different areas of the company and were not necessarily tied to any one particular business segment. The reduction in staff comes about a week after parent company Time Warner’s latest earnings calls, during which it was revealed AOL’s ad sales revenue dropped by 18 percent during the third quarter.
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