AOL Hands Out The Pink Slips Today; Cuts Are Part Of Previously Announced Reorg

This story was written by David Kaplan.
AOL (NYSE: TWX) has handed out more layoffs today, as part of the 10 percent staffing cutroughly 700 jobsthat was announced back in January, SAI reported. Sources told paidContent that the layoffs were primarily focused in AOL's original Dulles offices, but New York and California staffers were also let go as well. AOL is also in the midst of an international reorg, but it wasn't clear how many were being let go overseas. In any case, AOL plans to roll out the layoffs over the next few quarters, and sources note that today's headcount reduction was by no means the last.


By David Kaplan
  • CBSNews

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