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DULLES, Va. — AOL Time Warner Inc.’s America Online Inc. announced plans late Tuesday to cut 1,200 jobs as part of a reorganization to “leverage synergies” resulting from the AOL-Time Warner merger and integrate online brands and Web properties.
America Online also said it will eliminate about 500 positions at the Sun-Netscape Alliance.
AOL Time Warner (AOL) expects to take a third-quarter charge of $100 million to $125 million for the moves.
AOL said the reorganization reflects ongoing efforts by AOL Time Warner to operate all of its divisions in a converged, integrated way.
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