AOL offers buyouts to over a third of work force
By Associated Press
Thursday, November 19, 2009 -
Thursday, November 19, 2009 -
SAN FRANCISCO — The struggling Internet company AOL plans to shed up to 2,500 jobs — more than a third of its work force — as it prepares to separate from Time Warner and finally sever their ill-fated marriage.
Major job cuts had been expected and seemed certain after Time Warner said last week that AOL would take $200 million in charges for severance and other restructuring-related costs. But the magnitude was not known until today.
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