AOL to Cut 20% of Staff

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.

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